Green Envirotech Holdings (Green Envirotech Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2019)

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What is Green Envirotech Holdings Long-Term Capital Lease Obligation?

Green Envirotech Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil.

Green Envirotech Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Green Envirotech Holdings'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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Green Envirotech Holdings Long-Term Capital Lease Obligation Chart

Green Envirotech Holdings Annual Data

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Long-Term Capital Lease Obligation

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Green Envirotech Holdings Quarterly Data
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Green Envirotech Holdings (OTCPK:GETH) 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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Green Envirotech Holdings (Green Envirotech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Green Envirotech Holdings Corp (OTCPK:GETH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

14699 Holman Mountain Road, Jamestown, CA, USA, 95327

Website

http://www.greenenvirotech.com

Green Envirotech Holdings Corp is a green technology company. It is engaged in transforming unusable scrap tires into valuable end products carbon black, oil and steel. It has developed a proprietary process to convert end-of-life tires and unrecyclable waste plastics into a high-grade blendstock oil using proven pyrolysis technology.

Executives

Christopher P Bowers	director, 10 percent owner, officer: CEO	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Christopher Richard Smith	10 percent owner	HENVILLE BUILDING PRINCE CHARLES STREET CHARLESTOWN U7 00000
Wayne H. Leggett	director, officer: CFO	1315 E. BARBARA DRIVE TEMPE AZ 85281

Green Envirotech Holdings (Green Envirotech Holdings) Headlines

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