Expion360 (Expion360) Long-Term Capital Lease Obligation : $2.10 Mil (As of Mar. 2024)

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What is Expion360 Long-Term Capital Lease Obligation?

Expion360's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.10 Mil.

Expion360's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($2.38 Mil) to Dec. 2023 ($2.24 Mil) and declined from Dec. 2023 ($2.24 Mil) to Mar. 2024 ($2.10 Mil).

Expion360's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1.09 Mil) to Dec. 2022 ($2.76 Mil) but then declined from Dec. 2022 ($2.76 Mil) to Dec. 2023 ($2.24 Mil).

Expion360 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Expion360'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.

Expion360 Long-Term Capital Lease Obligation Chart

Expion360 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.06

0.15

1.09

2.76

2.24

Expion360 Quarterly Data
	Dec19	Sep20	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											2.64	2.51	2.38	2.24	2.10

Expion360 (NAS:XPON) 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.

Expion360 Long-Term Capital Lease Obligation Related Terms

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Expion360 (Expion360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Expion360 Inc (NAS:XPON) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2025 SW Deerhound Avenue, Redmond, OR, USA, 97756

Website

https://www.expion360.com

Expion360 Inc is focused on the design, assembly, manufacturing and sales of lithium iron phosphate (LiFePO4) batteries and supporting accessories for recreational vehicles ("RV's") and marine applications with plans to expand into home energy storage products and industrial applications. Its product offerings include some of the minimal-footprint batteries in the RV & Marine industry.

Executives

John Henry Yozamp	director, 10 percent owner, officer: Chief Executive Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
Tien Quoc Nguyen	director	2025 SW DEERHOUND AVE., REDMOND OR 97756
Gregory Scott Aydelott	officer: Chief Accounting Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
Paul Thomas Shoun	director, officer: Chief Operating Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
Brian Paul Schaffner	officer: Chief Financial Officer	2025 SW DEERHOUND AVE, REDMOND OR 97756
David Leigh Hendrickson	director	2025 SW DEERHOUND AVE, REDMOND OR 97756
Steve Shum	director	9025 SW HILLMAN COURT, SUITE 3126, WILSONVILLE OR 97070
George Lefevre	director	18101 VON KARMAN AVENUE, SUITE 330, IRVINE CA 96212