Next Hydrogen Solutions (TSXV:NXH) Long-Term Capital Lease Obligation : C$1.62 Mil (As of Mar. 2024)

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What is Next Hydrogen Solutions Long-Term Capital Lease Obligation?

Next Hydrogen Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.62 Mil.

Next Hydrogen Solutions's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1.66 Mil) to Dec. 2023 (C$1.66 Mil) and declined from Dec. 2023 (C$1.66 Mil) to Mar. 2024 (C$1.62 Mil).

Next Hydrogen Solutions's annual Long-Term Capital Lease Obligation increased from Jan. 2021 (C$0.00 Mil) to Dec. 2022 (C$1.75 Mil) but then declined from Dec. 2022 (C$1.75 Mil) to Dec. 2023 (C$1.66 Mil).

Next Hydrogen Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Next Hydrogen Solutions'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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Next Hydrogen Solutions Long-Term Capital Lease Obligation Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.75

1.66

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													1.72	1.69	1.66	1.66	1.62

Next Hydrogen Solutions (TSXV:NXH) 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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Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NXHSF:USA

Address

6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6

Website

https://www.nexthydrogen.com

Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.

Executives

Anthony Robert Guglielmin

Director

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