Recycling Asset Holdings (Recycling Asset Holdings) Long-Term Capital Lease Obligation : $5.73 Mil (As of Sep. 2019)

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What is Recycling Asset Holdings Long-Term Capital Lease Obligation?

Recycling Asset Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was $5.73 Mil.

Recycling Asset Holdings's quarterly Long-Term Capital Lease Obligation increased from Mar. 2019 ($5.80 Mil) to Jun. 2019 ($5.90 Mil) but then declined from Jun. 2019 ($5.90 Mil) to Sep. 2019 ($5.73 Mil).

Recycling Asset Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2016 ($1.05 Mil) to Dec. 2017 ($0.82 Mil) and declined from Dec. 2017 ($0.82 Mil) to Dec. 2018 ($0.59 Mil).

Recycling Asset Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Recycling Asset Holdings'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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Recycling Asset Holdings Long-Term Capital Lease Obligation Chart

Recycling Asset Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

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1.05

0.82

0.59

Recycling Asset Holdings Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.68	0.59	5.80	5.90	5.73

Recycling Asset Holdings (NAS:IDSA) 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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Recycling Asset Holdings (Recycling Asset Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Recycling Asset Holdings Inc (NAS:IDSA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

7100 Grade Lane, Louisville, KY, USA, 40213

Website

http://www.isa-inc.com

Industrial Services of America Inc is a waste and recycling company in the United States. It is engaged in the buying, processing, and marketing of ferrous and non-ferrous metals and other recyclable commodities and buys used autos in order to sell used auto parts. The company's business activity falls within a single segment - The Recycling Segment, which provides ferrous and non-ferrous recycling in four locations in the Midwest. It has operating locations in Louisville, Kentucky, and Seymour and New Albany, Indiana.

Executives

Daniel M Rifkin	10 percent owner	6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804
David Treadway Russell	director	1720 ENSLEY AVE, LOS ANGELES CA 90024