TX Rail Products (TX Rail Products) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2020)

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What is TX Rail Products Long-Term Capital Lease Obligation?

TX Rail Products's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was $0.00 Mil.

TX Rail Products Long-Term Capital Lease Obligation Historical Data

The historical data trend for TX Rail Products'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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TX Rail Products Long-Term Capital Lease Obligation Chart

TX Rail Products Annual Data

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Long-Term Capital Lease Obligation

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TX Rail Products Quarterly Data
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TX Rail Products (OTCPK:TXRP) 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.

TX Rail Products Long-Term Capital Lease Obligation Related Terms

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TX Rail Products (TX Rail Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » TX Rail Products Inc (OTCPK:TXRP) » Definitions » Long-Term Capital Lease Obligation

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Address

12080 Virginia Boulevard, Ashland, KY, USA, 41102

Website

https://www.txholdings.com

TX Holdings Inc is engaged in the business of supplying, distributing and selling drill bits, related tools, and other mining supplies and rail material directly and through other suppliers to the United States coal mining industry which are used in production and transportation processes. The company's product profile includes Miner Bits, Block and Sleeves, and Miscellaneous parts.

TX Rail Products (TX Rail Products) Headlines

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