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Earth Alive Clean Technologies (TSXV:EAC) Long-Term Capital Lease Obligation : C$0.42 Mil (As of Dec. 2023)


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What is Earth Alive Clean Technologies Long-Term Capital Lease Obligation?

Earth Alive Clean Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.42 Mil.

Earth Alive Clean Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.52 Mil) to Sep. 2023 (C$0.47 Mil) and declined from Sep. 2023 (C$0.47 Mil) to Dec. 2023 (C$0.42 Mil).

Earth Alive Clean Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.60 Mil) but then declined from Dec. 2022 (C$0.60 Mil) to Dec. 2023 (C$0.42 Mil).

Earth Alive Clean Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Earth Alive Clean 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.

* Premium members only.

Earth Alive Clean Technologies Long-Term Capital Lease Obligation Chart

Earth Alive Clean Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.60 0.42

Earth Alive Clean Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.57 0.52 0.47 0.42

Earth Alive Clean Technologies  (TSXV:EAC) 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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Earth Alive Clean Technologies (TSXV:EAC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Earth Alive Clean Technologies Inc (TSXV:EAC) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
1050 Cote du Beaver Hall, Suite 1560, Montreal, QC, CAN, H2Z 1S4
Website
https://www.earthalivect.com
Earth Alive Clean Technologies Inc is focused on formulating and manufacturing products using microbial technology. The company uses microbial technology to create products in agriculture and dust control. The company operates through two segments, Agriculture and Infrastructure & Maintenance. The Agriculture segment provides environmentally friendly products for retail and industrial usage such as fertilizers and soil amendments. The Infrastructure & Maintenance segment provides a biodegradable microbial product that abates dust. It has a business presence in Canada, the United States, Central and South America, Europe, and Africa.