Braille Energy Systems (TSXV:BES) Long-Term Capital Lease Obligation : C$0.29 Mil (As of Mar. 2024)

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What is Braille Energy Systems Long-Term Capital Lease Obligation?

Braille Energy Systems's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.29 Mil.

Braille Energy Systems's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.36 Mil) to Dec. 2023 (C$0.32 Mil) and declined from Dec. 2023 (C$0.32 Mil) to Mar. 2024 (C$0.29 Mil).

Braille Energy Systems's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (C$0.54 Mil) to Sep. 2022 (C$0.48 Mil) and declined from Sep. 2022 (C$0.48 Mil) to Sep. 2023 (C$0.36 Mil).

Braille Energy Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Braille Energy Systems's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Braille Energy Systems Long-Term Capital Lease Obligation Chart

Braille Energy Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.06

0.54

0.48

0.36

Braille Energy Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.42	0.38	0.36	0.32	0.29

Braille Energy Systems (TSXV:BES) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Braille Energy Systems (TSXV:BES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Braille Energy Systems Inc (TSXV:BES) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

945 Princess Street, Box 117, Kingston, ON, CAN, K7L 0E9

Website

https://www.brailleenergysystemsinc.com

Braille Energy Systems Inc is a battery manufacturing and energy storage company supplying batteries to the professional motorsports industry and the pioneer of a complete line of lightweight high-powered battery systems for the transportation market. Geographically it serves Europe, the Middle East, Africa, Asia Pacific Australia and earns key revenue from the Americas.

Executives

Jeffrey York

10% Security Holder, Director

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