ReTo Eco-Solutions (ReTo Eco-Solutions) Long-Term Capital Lease Obligation : $0.08 Mil (As of Jun. 2023)

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What is ReTo Eco-Solutions Long-Term Capital Lease Obligation?

ReTo Eco-Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.08 Mil.

ReTo Eco-Solutions's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($0.24 Mil) to Dec. 2022 ($0.16 Mil) and declined from Dec. 2022 ($0.16 Mil) to Jun. 2023 ($0.08 Mil).

ReTo Eco-Solutions's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.24 Mil) to Dec. 2021 ($0.12 Mil) but then increased from Dec. 2021 ($0.12 Mil) to Dec. 2022 ($0.16 Mil).

ReTo Eco-Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for ReTo Eco-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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ReTo Eco-Solutions Long-Term Capital Lease Obligation Chart

ReTo Eco-Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.30

0.24

0.12

0.16

ReTo Eco-Solutions Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											0.12	0.12	0.24	0.16	0.08

ReTo Eco-Solutions (NAS:RETO) 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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ReTo Eco-Solutions (ReTo Eco-Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ReTo Eco-Solutions Inc (NAS:RETO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Beijing REIT Technology Development Co., Ltd., X-702, Runfengdeshangyuan, 60 Anli Road, Chaoyang District, Beijing, CHN, 100101

Website

http://www.retoeco.com

ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly-ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation and construction of urban ecological environments for capturing, controlling and re-using rainwater. It operates through four segments namely Machinery and Equipment sales, Construction materials sales, Municipal Construction Projects, and Technology Consulting and other services. The company earns its revenue from Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China.