Zeo Energy (Zeo Energy) Long-Term Capital Lease Obligation : $0.53 Mil (As of Mar. 2024)

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What is Zeo Energy Long-Term Capital Lease Obligation?

Zeo Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.53 Mil.

Zeo Energy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.74 Mil) to Dec. 2023 ($0.64 Mil) and declined from Dec. 2023 ($0.64 Mil) to Mar. 2024 ($0.53 Mil).

Zeo Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.58 Mil) and increased from Dec. 2022 ($0.58 Mil) to Dec. 2023 ($0.64 Mil).

Zeo Energy Long-Term Capital Lease Obligation Historical Data

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

Zeo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.58

0.64

Zeo Energy Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.58	-	0.74	0.64	0.53

Zeo Energy (NAS:ZEO) 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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Zeo Energy (Zeo Energy) Business Description

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Address

7625 little Road, Suite 200A, New Port Richley, FL, USA, 34654

Website

Zeo Energy Corp is a vertically integrated provider of residential solar energy systems, other energy efficient equipment and related services currently serving customers in Florida, Texas, Arkansas and Missouri.