Lhyfe (XPAR:LHYFE) Long-Term Capital Lease Obligation : €5.75 Mil (As of Jun. 2023)

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What is Lhyfe Long-Term Capital Lease Obligation?

Lhyfe's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €5.75 Mil.

Lhyfe's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (€5.86 Mil) to Dec. 2022 (€3.26 Mil) but then increased from Dec. 2022 (€3.26 Mil) to Jun. 2023 (€5.75 Mil).

Lhyfe's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.23 Mil) to Dec. 2021 (€2.83 Mil) and increased from Dec. 2021 (€2.83 Mil) to Dec. 2022 (€3.26 Mil).

Lhyfe Long-Term Capital Lease Obligation Historical Data

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

Lhyfe Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.23

2.83

3.26

Lhyfe Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	2.83	5.86	3.26	5.75

Lhyfe (XPAR:LHYFE) 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.

Lhyfe Long-Term Capital Lease Obligation Related Terms

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Lhyfe (XPAR:LHYFE) Business Description

Industry

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Traded in Other Exchanges

LHYFF:USA F1B:Germany

Address

30 Rue Jean Jaures, Nantes, FRA, 44000

Website

https://www.lhyfe.com

Lhyfe SA is engaged in the production of green hydrogen for mobility and industry. The company designs, builds and exploits its green hydrogen production sites, which have the particularity of being directly connected to the various available renewable energy sources. The Group addresses two priority markets, which are among the emitters of greenhouse gases: the heavy mobility sector (trucks, buses, trains and in the long term, maritime and air transport) as well as (ii) the industry sector, among which chemistry (production of ammonia, methanol, etc.), steel production and glass production are priority targets.

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