Financing Lease Liabilities |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Lease Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Lease Liabilities |
The Company’s financing lease liabilities consist of the following:
The Company has lease arrangements for certain vehicles and mobile equipment. These leases typically have original terms not exceeding four years and contain residual value purchase options, which are reasonably certain of being exercised. As of September 30, 2025, the Company had $3.8 million of leased vehicles and mobile equipment included in capital assets-rolling stock (net). For the nine months ended September 30, 2025, lease principal payments totaled $0.4 million and lease interest payments totaled $0.2 million for a combined lease payment total of less than $0.6 million. The weighted average interest rate of the leases is 15.2%, and the weighted average remaining life was 2.4 years as of September 30, 2025. Lease liabilities maturities including residuals as of September 30, 2025 are as follows:
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