Seychelle Environmental Technologies (Seychelle Environmental Technologies) Long-Term Capital Lease Obligation

: $0.11 Mil (As of Feb. 2020)

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Seychelle Environmental Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2020 was $0.11 Mil.

Seychelle Environmental Technologies's quarterly Long-Term Capital Lease Obligation declined from Aug. 2019 ($0.24 Mil) to Nov. 2019 ($0.17 Mil) and declined from Nov. 2019 ($0.17 Mil) to Feb. 2020 ($0.11 Mil).

Seychelle Environmental Technologies's annual Long-Term Capital Lease Obligation declined from Feb. 2018 ($0.01 Mil) to Feb. 2019 ($0.00 Mil) but then increased from Feb. 2019 ($0.00 Mil) to Feb. 2020 ($0.11 Mil).

Seychelle Environmental Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seychelle Environmental Technologies'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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Seychelle Environmental Technologies Annual Data

Trend

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Long-Term Capital Lease Obligation

0.02

0.01

0.11

Seychelle Environmental Technologies Quarterly Data
	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20
Long-Term Capital Lease Obligation																-	0.30	0.24	0.17	0.11

Seychelle Environmental Technologies (OTCPK:SYEV) 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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Seychelle Environmental Technologies (Seychelle Environmental Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Seychelle Environmental Technologies Inc (OTCPK:SYEV) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Journey, Aliso Viejo, CA, USA, 92656

Website

http://www.seychelle.com

Seychelle Environmental Technologies Inc is engaged in the development, assembly, and sale of proprietary portable water filtration systems. Its product offering includes Flip-Top and Pull Top bottles, Canteens, Water Pitchers, Pure Water Pump, Stainless Steel bottles, In-Line Filter, Pure Water Bag, Pump N' Pure, Pure Water Pouch and Pure Water Straws. The company sells its products throughout the United States, and internationally which includes Asia, the United Kingdom, Canada, and Other Countries. The United States contributes to the vast majority of total revenue. Seychelle markets its portable water filtration bottles to dealers, distributors, non-governmental organizations, and emergency relief organizations.

Executives

John D Beck	director, 10 percent owner	32963 CALLE PERFECTO SAN JUAN CAPISTRANO CO 92575
Cari Beck	director, 10 percent owner	32963 CALLE PERFECTO SAN JUAN CAPISTRANO CO 92575
Irrevocable Trust The Tam	10 percent owner	4012 S RAINBOW SUITE K111 LAS VEGAS NV 89103
James K Place	director, officer: COO, CFO, Treasurer	33012 CALLE PERFECTO SAN JUAN CAPISTRANO CA 92675
Richard C Parsons	director, officer: Executive Vice President/Secre	33012 CALLE PERFECTO SAN JUAN CAPISTRANO CA 92675

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