ADS-TEC Energy (ADS-TEC Energy) Long-Term Capital Lease Obligation : $2.8 Mil (As of Dec. 2023)

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What is ADS-TEC Energy Long-Term Capital Lease Obligation?

ADS-TEC Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.8 Mil.

ADS-TEC Energy's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($2.8 Mil) to Jun. 2023 ($3.1 Mil) but then declined from Jun. 2023 ($3.1 Mil) to Dec. 2023 ($2.8 Mil).

ADS-TEC Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1.7 Mil) to Dec. 2022 ($2.8 Mil) and increased from Dec. 2022 ($2.8 Mil) to Dec. 2023 ($2.8 Mil).

ADS-TEC Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for ADS-TEC 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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ADS-TEC Energy Long-Term Capital Lease Obligation Chart

ADS-TEC Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.56

2.44

1.74

2.79

2.81

ADS-TEC Energy Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				1.74	1.42	2.79	3.09	2.81

ADS-TEC Energy (NAS:ADSE) 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.

ADS-TEC Energy Long-Term Capital Lease Obligation Related Terms

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ADS-TEC Energy (ADS-TEC Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADS-TEC Energy PLC (NAS:ADSE) » Definitions » Long-Term Capital Lease Obligation

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X3C:Germany X3C:Germany

Address

10 Earlsfort Terrace, Dublin, IRL, D02 T380

Website

https://www.ads-tec-energy.com

ADS-TEC Energy PLC produces, develops, and markets battery-buffered EV charging systems infrastructure, battery storage systems, and cloud-based services which enable the customer to control and manage the system. Geographically, it derives a majority of its revenue from Europe.