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Agilyx ASA (Agilyx ASA) Long-Term Capital Lease Obligation : $0.06 Mil (As of Dec. 2023)


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What is Agilyx ASA Long-Term Capital Lease Obligation?

Agilyx ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.06 Mil.

Agilyx ASA's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.47 Mil) to Jun. 2023 ($0.54 Mil) but then declined from Jun. 2023 ($0.54 Mil) to Dec. 2023 ($0.06 Mil).

Agilyx ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.75 Mil) to Dec. 2022 ($0.47 Mil) and declined from Dec. 2022 ($0.47 Mil) to Dec. 2023 ($0.06 Mil).


Agilyx ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Agilyx ASA'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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Agilyx ASA Long-Term Capital Lease Obligation Chart

Agilyx ASA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 0.05 0.75 0.47 0.06

Agilyx ASA Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 0.75 0.63 0.47 0.54 0.06

Agilyx ASA  (OTCPK:AGXXF) 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.

Agilyx ASA Long-Term Capital Lease Obligation Related Terms

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Agilyx ASA (Agilyx ASA) Business Description

Industry
Traded in Other Exchanges
Address
13240 SW Wall Street, Tigard, NOR, Oregon
Agilyx ASA is a developer of conversion technologies across the value chain intended to offer two molecular recycling product pathways enabling a circular economy for polystyrene and polymethyl methacrylate. The company offers waste sourcing and processing, thereby helping the entire plastic recycling market to convert recycled waste plastics into valuable resources such as oils and chemical substrate products.