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Amerityre (Amerityre) Long-Term Capital Lease Obligation

: $0.15 Mil (As of Jun. 2022)
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Amerityre's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $0.15 Mil.

Amerityre's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.23 Mil) to Mar. 2022 ($0.19 Mil) and declined from Mar. 2022 ($0.19 Mil) to Jun. 2022 ($0.15 Mil).

Amerityre's annual Long-Term Capital Lease Obligation declined from Jun. 2020 ($0.45 Mil) to Jun. 2021 ($0.30 Mil) and declined from Jun. 2021 ($0.30 Mil) to Jun. 2022 ($0.15 Mil).

Amerityre Long-Term Capital Lease Obligation Historical Data

The historical data trend for Amerityre'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.

Amerityre Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.59 0.45 0.30 0.15

Amerityre Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.26 0.23 0.19 0.15

Amerityre  (OTCPK:AMTY) 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.

Amerityre Long-Term Capital Lease Obligation Related Terms

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Amerityre (Amerityre) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Amerityre Corp (OTCPK:AMTY) » Definitions » Long-Term Capital Lease Obligation
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REII UFAB FLES OMTK FFLO ID AMV TSE:5104 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON LKQ SHSE:600660 SZSE:002920
Traded in Other Exchanges
N/A
Address
1501 Industrial Road, Boulder City, NV, USA, 89005
Website
https://amerityre.com
Amerityre Corp is engaged in the research and development, manufacturing, and sale of polyurethane tires. It has developed unique polyurethane formulations that allow us to make products with superior performance characteristics in the areas of abrasion resistance, energy efficiency, and load-bearing capabilities, in comparison to conventional rubber tires. The company engages in the manufacturing, marketing, distribution, and sales of flat free specialty tires and tire-wheel assemblies and currently is manufacturing these tires. It focuses on light duty polyurethane foam tires, polyurethane elastomer industrial tires, and agricultural tires.
Executives
George Duane Stoddard director 19832 SUNSET LANE, APPLE VALLEY CA 92308
David Scott Clark director 9057 WATERFIELD COURT, LAS VEGAS NV 89134
David Hollister director 1501 INDUSTRIAL RD., BOULDER CITY NV 89005
Terry Edwin Gilland director 8050 CASTLE PINES AVENUE, LAS VEGAS NV 89113
Michael Francis Sullivan director, officer: COO 1037 PLEASANT OAKS DRIVE, PLEASANT HILL CA 94523
Lynda R. Keeton-cardno officer: Chief Financial Officer 181 N. ARROYO GRANDE BLVD., STE. 140B, HENDERSON NV 89014
Glenn D Bougie director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Brian Hesje director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
John J Goldberg director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
L Wayne Arnett director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Timothy L Ryan director 1501 INDUSTRIAL RD, BOULDER CITY NV 89005
Gary M Tucker director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Kines Silas O Jr director 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Kapral Michael J Jr officer: VP Marketing 1501 INDUSTRIAL ROAD, BOULDER CITY NV 89005
Francis Edward Dosal director 4100 HIGHWOOD ROAD, ST. LOUIS PARK MN 55416