Horizon North Logistics private (Horizon North Logistics private) Long-Term Capital Lease Obligation : $13.4 Mil (As of Mar. 2020)

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What is Horizon North Logistics private Long-Term Capital Lease Obligation?

Horizon North Logistics private's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2020 was $13.4 Mil.

Horizon North Logistics private's quarterly Long-Term Capital Lease Obligation declined from Sep. 2019 ($16.2 Mil) to Dec. 2019 ($15.3 Mil) and declined from Dec. 2019 ($15.3 Mil) to Mar. 2020 ($13.4 Mil).

Horizon North Logistics private's annual Long-Term Capital Lease Obligation increased from Dec. 2017 ($0.0 Mil) to Dec. 2018 ($0.0 Mil) and increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($15.3 Mil).

Horizon North Logistics private Long-Term Capital Lease Obligation Historical Data

The historical data trend for Horizon North Logistics private'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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Horizon North Logistics private Long-Term Capital Lease Obligation Chart

Horizon North Logistics private Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.04

15.30

Horizon North Logistics private Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															14.82	17.31	16.22	15.30	13.40

Horizon North Logistics private (OTCPK:HZNOF) 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.

Horizon North Logistics private Long-Term Capital Lease Obligation Related Terms

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Horizon North Logistics private (Horizon North Logistics private) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Horizon North Logistics Inc private (OTCPK:HZNOF) » Definitions » Long-Term Capital Lease Obligation

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Address

240-4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 4H4

Website

http://www.horizonnorth.ca

Horizon North Logistics Inc is a Canadian company which provides a range of industrial services and modular construction solutions. The operating segments of the company are Camps and Catering, Rentals and Logistics, and Modular Solutions. Camps and Catering segment includes camp management services, access solutions, and maintenance and utility services as well as handles catering operations. The Rentals and Logistics include all rental operations, mat rental operations, relocatable structures rental operations, transportation operations, and associated services. Its Modular Solutions comprised of all modular manufacturing and installation operations for commercial and residential end markets. Most of the company's revenue comes from Camps and Catering segment.

Horizon North Logistics private (Horizon North Logistics private) Headlines

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