Verde AgriTech (Verde AgriTech) Long-Term Capital Lease Obligation : $0.03 Mil (As of Dec. 2023)

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What is Verde AgriTech Long-Term Capital Lease Obligation?

Verde AgriTech's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil.

Verde AgriTech's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($0.11 Mil) to Sep. 2023 ($0.14 Mil) but then declined from Sep. 2023 ($0.14 Mil) to Dec. 2023 ($0.03 Mil).

Verde AgriTech's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.13 Mil) but then declined from Dec. 2022 ($0.13 Mil) to Dec. 2023 ($0.03 Mil).

Verde AgriTech Long-Term Capital Lease Obligation Historical Data

The historical data trend for Verde AgriTech'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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Verde AgriTech Long-Term Capital Lease Obligation Chart

Verde AgriTech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.13

0.03

Verde AgriTech 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															0.13	0.14	0.11	0.14	0.03

Verde AgriTech (OTCPK:VNPKF) 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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Verde AgriTech (Verde AgriTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde AgriTech Ltd (OTCPK:VNPKF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

T48:Germany NPK:Canada

Address

105 Cecil Street, No. 15-02, The Octagon, Singapore, SGP, 069534

Website

https://investor.verde.ag

Verde AgriTech Ltd promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project, from which the company produces solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. The multi-nutrient potassium fertilizer marketed in Brazil under the brand K Forte and internationally as Super Greensand is one of Verde's sustainable products from which the nature-driven technology company helps to improve the soil microbiome.