Carbon Revolution (Carbon Revolution) Long-Term Capital Lease Obligation : $4.95 Mil (As of Jun. 2023)

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What is Carbon Revolution Long-Term Capital Lease Obligation?

Carbon Revolution's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $4.95 Mil.

Carbon Revolution's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($5.24 Mil) to Dec. 2022 ($5.19 Mil) and declined from Dec. 2022 ($5.19 Mil) to Jun. 2023 ($4.95 Mil).

Carbon Revolution's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($5.97 Mil) to Jun. 2022 ($5.24 Mil) and declined from Jun. 2022 ($5.24 Mil) to Jun. 2023 ($4.95 Mil).

Carbon Revolution Long-Term Capital Lease Obligation Historical Data

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

Carbon Revolution Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

5.89

5.97

5.24

4.95

Carbon Revolution Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	5.97	-	5.24	5.19	4.95

Carbon Revolution (NAS:CREV) 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.

Carbon Revolution Long-Term Capital Lease Obligation Related Terms

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Carbon Revolution (Carbon Revolution) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Carbon Revolution PLC (NAS:CREV) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ten Earlsfort Terrace, Dublin 2, IRL, D02 T380

Website

https://www.carbonrev.com

Carbon Revolution PLC is an Australian-based technology company manufacturing carbon fiber wheels. It is an OEM supplier and a world-wide manufacturer of lightweight technology carbon fibre wheels to the automotive industry. The Company supplies wheels to OEMs across the globe for luxury and high-performance vehicles and SUVs, and is developing wheels for electric vehicles under contract for its OEM customers. The company generates maximum revenue Internationally.

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