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Ameritek Ventures (Ameritek Ventures) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Ameritek Ventures Long-Term Capital Lease Obligation?

Ameritek Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.


Ameritek Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ameritek Ventures'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.

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Ameritek Ventures Long-Term Capital Lease Obligation Chart

Ameritek Ventures Annual Data
Trend May11 May12 May13 May14 May15 May16 May17 May18 Dec22 Dec23
Long-Term Capital Lease Obligation
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Ameritek Ventures Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Ameritek Ventures  (OTCPK:ATVK) 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.

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Ameritek Ventures (Ameritek Ventures) Business Description

Traded in Other Exchanges
N/A
Address
401 Ryland Street, Suite 200A, Reno, NV, USA, 89502
Ameritek Ventures manufactures machinery that is used to manufacture optical fiber preforms. These preforms are then used to produce commercial grade optical fiber. The company's products can be used in the telecommunication industry. Ameritek's equipment provides the preforms that can be used to manufacture fiber optic cables.
Executives
Shaun Passley officer: Chairman, CEO and CFO 201 W. LAKE ST. 135, CH IL 60606

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