South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Long-Term Capital Lease Obligation : $22.83 Mil (As of Dec. 2023)

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What is South Dakota Soybean Processors LLC Long-Term Capital Lease Obligation?

South Dakota Soybean Processors LLC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22.83 Mil.

South Dakota Soybean Processors LLC's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($24.26 Mil) to Sep. 2023 ($23.56 Mil) and declined from Sep. 2023 ($23.56 Mil) to Dec. 2023 ($22.83 Mil).

South Dakota Soybean Processors LLC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($6.13 Mil) to Dec. 2022 ($17.17 Mil) and increased from Dec. 2022 ($17.17 Mil) to Dec. 2023 ($22.83 Mil).

South Dakota Soybean Processors LLC Long-Term Capital Lease Obligation Historical Data

The historical data trend for South Dakota Soybean Processors LLC'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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South Dakota Soybean Processors LLC Long-Term Capital Lease Obligation Chart

South Dakota Soybean Processors LLC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

6.13

17.17

22.83

South Dakota Soybean Processors LLC Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					17.17	25.01	24.26	23.56	22.83

South Dakota Soybean Processors LLC (OTCPK:SDSYA) 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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South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » South Dakota Soybean Processors LLC (OTCPK:SDSYA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Caspian Avenue, PO Box 500, Volga, SD, USA, 57071

Website

https://www.sdsbp.com

South Dakota Soybean Processors LLC owns and operates a soybean processing plant and a soybean oil refinery. It is engaged in processing locally grown soybeans into soybean meal and soybean oil. The company offers the soybean meal to resellers, feed mills, and livestock producers as livestock feed. The Company principally generate revenue from merchandising and transporting manufactured agricultural products used as ingredients in food, feed, energy and industrial products. The Company generates most of its revenue by selling soybean meals in USA.

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