Financing Lease Liabilities |
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Financing Lease Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Lease Liabilities |
The Company’s finance lease liabilities consist of the following:
The Company has lease arrangements for certain vehicles. These leases typically have original terms not exceeding three years and contain residual value purchase options, which are reasonably certain of being exercised. As of March 31, 2025, the Company had $1.3 million of leased vehicles included in capital assets, rolling stock (net). For the three months ended March 31, 2025, lease principal payments totaled less than $0.1 million and lease interest payments totaled less than $0.1 million for a combined lease payment total of $0.1 million. The weighted average interest rate of the leases is 13.7%, and the weighted average remaining life was 2.9 years as of March 31, 2025. Lease liabilities maturities including residuals as of March 31, 2025 are as follows:
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- References No definition available.
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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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