Western Resources (Western Resources) Long-Term Capital Lease Obligation : $0.02 Mil (As of Dec. 2023)

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What is Western Resources Long-Term Capital Lease Obligation?

Western Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil.

Western Resources's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.02 Mil) to Sep. 2023 ($0.02 Mil) and declined from Sep. 2023 ($0.02 Mil) to Dec. 2023 ($0.02 Mil).

Western Resources's annual Long-Term Capital Lease Obligation stayed the same from Sep. 2021 ($0.00 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($0.02 Mil).

Western Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Western Resources'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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Western Resources Long-Term Capital Lease Obligation Chart

Western Resources Annual Data

Trend

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Sep23

Long-Term Capital Lease Obligation

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0.02

Western Resources 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															-	-	0.02	0.02	0.02

Western Resources (OTCPK:WTRNF) 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.

Western Resources Long-Term Capital Lease Obligation Related Terms

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Western Resources (Western Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Resources Corp (OTCPK:WTRNF) » Definitions » Long-Term Capital Lease Obligation

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WR0:Germany WRX:Canada

Address

666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.westernresources.com

Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.