Xos (XOS) Long-Term Capital Lease Obligation : $20.06 Mil (As of Mar. 2024)

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What is Xos Long-Term Capital Lease Obligation?

Xos's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20.06 Mil.

Xos's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($5.93 Mil) to Dec. 2023 ($4.98 Mil) but then increased from Dec. 2023 ($4.98 Mil) to Mar. 2024 ($20.06 Mil).

Xos's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($9.27 Mil) but then declined from Dec. 2022 ($9.27 Mil) to Dec. 2023 ($4.98 Mil).

Xos Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xos'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.

* Premium members only.

Xos Long-Term Capital Lease Obligation Chart

Xos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

9.27

4.98

Xos Quarterly Data
	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										8.33	7.37	5.93	4.98	20.06

Xos (NAS:XOS) 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.

Xos Long-Term Capital Lease Obligation Related Terms

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Xos (XOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xos Inc (NAS:XOS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

9KR0:Germany

Address

3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065

Website

https://www.xostrucks.com

Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.

Executives

Jose Castaneda	officer: VP, Business Development	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Liana Pogosyan	officer: Acting Chief Financial Officer	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
George N Mattson	director	C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Robert Ferber	officer: Chief Technology Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Giordano Sordoni	director, officer: Chief Operating Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Dakota Semler	director, officer: Chief Executive Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Edward J Rapp	director	100 NE ADAMS STREET, PEORIA IL 61629
Stuart N. Bernstein	director	C/O XOS, INC., 3550 TYBURN STREET, LOS ANGELES CA 90065
Christen T Romero	officer: General Counsel	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Anousheh Ansari	director	10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG, FL FL 33716
Alice K Jackson	director	1800 LARIMER STREET, DENVER CO 80202
Burt Jordan	director	4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Kingsley Afemikhe	officer: Chief Financial Officer	3550 TYBURN STREET, UNIT 100, LOS ANGELES CA 90065
Aljomaih Automotive Co.	10 percent owner	P.O. BOX 224, KING KHALID STREET, ALJOMAIH BUILDING, 1ST FLOOR, DAMMAM T0 31411
Emerald Green Trust	10 percent owner	3211 MULHOLLAND HIGHWAY, MALIBU CA 90265