Greystone Logistics (Greystone Logistics) Long-Term Capital Lease Obligation : $4.95 Mil (As of Feb. 2024)

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

What is Greystone Logistics Long-Term Capital Lease Obligation?

Greystone Logistics's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $4.95 Mil.

Greystone Logistics's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($5.08 Mil) to Nov. 2023 ($5.01 Mil) and declined from Nov. 2023 ($5.01 Mil) to Feb. 2024 ($4.95 Mil).

Greystone Logistics's annual Long-Term Capital Lease Obligation declined from May. 2021 ($1.90 Mil) to May. 2022 ($0.55 Mil) but then increased from May. 2022 ($0.55 Mil) to May. 2023 ($5.15 Mil).

Greystone Logistics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Greystone Logistics'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.

Greystone Logistics Long-Term Capital Lease Obligation Chart

Greystone Logistics Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

5.35

3.73

1.90

0.55

5.15

Greystone Logistics Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.19	5.15	5.08	5.01	4.95

Greystone Logistics (OTCPK:GLGI) 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.

Greystone Logistics Long-Term Capital Lease Obligation Related Terms

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

Greystone Logistics (Greystone Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Greystone Logistics Inc (OTCPK:GLGI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1613 East 15th Street, Tulsa, OK, USA, 74120

Website

https://www.greystonelogistics.com

Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic. Its products include rackable pallet, can pallet, display pallet, monoblock pallet, rackable pallet, drum pallet, and a mid-duty pallet of different sizes and specifications. The company sells its products through one of its subsidiaries and a network of contractor distributors and direct sales.

Executives

Drew T. Lockard	director	4436 POTOMAC AVENUE, DALLAS TX 75205
Warren F Kruger	officer: President	1613 E. 15TH STREET, TULSA OK 74120
Larry J. Lebarre	director	7518 MIDDLEWOOD, HOUSTON TX 77063
William W Rahhal	officer: Chief Financial Officer	1613 E. 15TH STREET, TULSA OK 74120
Paul Kruger	10 percent owner	1801 GATEWAY BLVD.,, SUITE 105, RICHARDSON TX 75080
Bob L Moore	director, officer: President & CEO	1613 E 15 ST, TULSA OK 74120
Glog Investment Llc	director, 10 percent owner	1613 E 15 ST, TULSA OK 74120
Robert Howard Nelson	officer: CFO & COO	1613 EAST 15TH STREET, TULSA OK 74120
Marshall S Cogan	director	767 THIRD AVENUE 15TH FLOOR, NEW YORK NY 10017
Rosene Robert B Jr	director	3226 E. 62ND STREET, TULSA OK 74136
Westgate Capital Co Llc	10 percent owner
Westgate Investments L P	10 percent owner	1613 EAST 15TH STREET, TULSA OK 74120