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Wallbox NV (Wallbox NV) Long-Term Capital Lease Obligation : $37.1 Mil (As of Dec. 2023)


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What is Wallbox NV Long-Term Capital Lease Obligation?

Wallbox NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $37.1 Mil.

Wallbox NV's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($26.1 Mil) to Jun. 2023 ($25.2 Mil) but then increased from Jun. 2023 ($25.2 Mil) to Dec. 2023 ($37.1 Mil).

Wallbox NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($20.5 Mil) to Dec. 2022 ($26.1 Mil) and increased from Dec. 2022 ($26.1 Mil) to Dec. 2023 ($37.1 Mil).


Wallbox NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wallbox NV'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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Wallbox NV Long-Term Capital Lease Obligation Chart

Wallbox NV Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 4.18 20.53 26.12 37.15

Wallbox NV Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 20.53 26.47 26.12 25.21 37.15

Wallbox NV  (NYSE:WBX) 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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Wallbox NV (Wallbox NV) Business Description

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Wallbox NV is a smart electric vehicle charging and energy management company. It creates smart charging system combining innovative technology design that manages the communication between user, vehicle, grid, building and charger. By designing, manufacturing, and distributing faster, simpler EV charging solutions for residential, business, and public use, the company is laying the infrastructure required to meet the demands of mass electric vehicles ownership everywhere. Its smart charging product portfolio includes Level 2 alternating current chargers for home and business applications and direct current fast chargers for public applications.