Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Long-Term Capital Lease Obligation : $0.30 Mil (As of Sep. 2023)

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What is Zapp Electric Vehicles Group Long-Term Capital Lease Obligation?

Zapp Electric Vehicles Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.30 Mil.

Zapp Electric Vehicles Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2021 ($0.03 Mil) to Sep. 2022 ($0.27 Mil) and increased from Sep. 2022 ($0.27 Mil) to Sep. 2023 ($0.30 Mil).

Zapp Electric Vehicles Group's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($0.03 Mil) to Sep. 2022 ($0.27 Mil) and increased from Sep. 2022 ($0.27 Mil) to Sep. 2023 ($0.30 Mil).

Zapp Electric Vehicles Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zapp Electric Vehicles Group'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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Zapp Electric Vehicles Group Long-Term Capital Lease Obligation Chart

Zapp Electric Vehicles Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

0.02

0.03

0.27

0.30

Zapp Electric Vehicles Group Semi-Annual Data
	Sep20	Sep21	Sep22	Sep23
Long-Term Capital Lease Obligation	0.02	0.03	0.27	0.30

Zapp Electric Vehicles Group (NAS:ZAPP) 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.

Zapp Electric Vehicles Group Long-Term Capital Lease Obligation Related Terms

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Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zapp Electric Vehicles Group Ltd (NAS:ZAPP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

87/1 Wireless Road, 26/F Capital Tower, All Seasons Place, Lumpini, Patumwan, Bangkok, THA, 10330

Website

https://www.zappev.com

Zapp Electric Vehicles Group Ltd designs, manufactures and sells high performance electric vehicles, including maintenance and repair of electric vehicles and related parts and accessories.

Zapp Electric Vehicles Group (Zapp Electric Vehicles Group) Headlines

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