Altus Power (FRA:8770) Long-Term Capital Lease Obligation : €174.0 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Altus Power Long-Term Capital Lease Obligation?

Altus Power's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €174.0 Mil.

Altus Power's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€148.4 Mil) to Dec. 2023 (€165.7 Mil) and increased from Dec. 2023 (€165.7 Mil) to Mar. 2024 (€174.0 Mil).

Altus Power's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€89.5 Mil) and increased from Dec. 2022 (€89.5 Mil) to Dec. 2023 (€165.7 Mil).

Altus Power Long-Term Capital Lease Obligation Historical Data

The historical data trend for Altus Power'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.

* Premium members only.

Altus Power Long-Term Capital Lease Obligation Chart

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

89.51

165.70

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									121.06	145.72	148.45	165.70	174.01

Altus Power (FRA:8770) 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.

Altus Power Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Altus Power's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Altus Power (FRA:8770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (FRA:8770) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AMPS:USA 8770:Germany

Address

2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.altuspower.com

Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.

Altus Power (FRA:8770) Headlines

No Headlines