Progressive Planet Solutions (Progressive Planet Solutions) Long-Term Capital Lease Obligation : $1.77 Mil (As of Jan. 2024)

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What is Progressive Planet Solutions Long-Term Capital Lease Obligation?

Progressive Planet Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1.77 Mil.

Progressive Planet Solutions's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($1.72 Mil) to Oct. 2023 ($1.69 Mil) but then increased from Oct. 2023 ($1.69 Mil) to Jan. 2024 ($1.77 Mil).

Progressive Planet Solutions's annual Long-Term Capital Lease Obligation increased from Apr. 2021 ($0.11 Mil) to Apr. 2022 ($1.89 Mil) but then declined from Apr. 2022 ($1.89 Mil) to Apr. 2023 ($1.70 Mil).

Progressive Planet Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Progressive Planet Solutions'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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Progressive Planet Solutions Long-Term Capital Lease Obligation Chart

Progressive Planet Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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0.02

0.07

0.11

1.89

1.70

Progressive Planet Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.73	1.70	1.72	1.69	1.77

Progressive Planet Solutions (OTCPK:ASHXF) 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.

Progressive Planet Solutions Long-Term Capital Lease Obligation Related Terms

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Progressive Planet Solutions (Progressive Planet Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (OTCPK:ASHXF) » Definitions » Long-Term Capital Lease Obligation

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ARB3:Germany PLAN:Canada

Address

724 East Sarcee Street, Kamloops, BC, CAN, V2H 1E7

Website

https://www.progressiveplanet.ca

Progressive Planet Solutions Inc is a leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based, cementing products that replace equivalent amounts of Portland Cement and fly ash in concrete. Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia, and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC, and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and U.S. markets.