CRDE (Cardinal Ethanol LLC) Long-Term Capital Lease Obligation : $6.7 Mil (As of Jun. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Cardinal Ethanol LLC Long-Term Capital Lease Obligation?

Cardinal Ethanol LLC's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $6.7 Mil.

Cardinal Ethanol LLC's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 ($5.9 Mil) to Mar. 2024 ($7.3 Mil) but then declined from Mar. 2024 ($7.3 Mil) to Jun. 2024 ($6.7 Mil).

Cardinal Ethanol LLC's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($1.7 Mil) to Sep. 2022 ($3.2 Mil) but then declined from Sep. 2022 ($3.2 Mil) to Sep. 2023 ($0.4 Mil).

Cardinal Ethanol LLC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cardinal Ethanol LLC'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.

Cardinal Ethanol LLC Long-Term Capital Lease Obligation Chart

Cardinal Ethanol LLC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

2.31

1.71

3.22

0.42

Cardinal Ethanol LLC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.03	0.42	5.93	7.33	6.69

Cardinal Ethanol LLC (OTCPK:CRDE) 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.

Cardinal Ethanol LLC Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Cardinal Ethanol LLC's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Cardinal Ethanol LLC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cardinal Ethanol LLC (OTCPK:CRDE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1554 North County Road 600 East, Union City, IN, USA, 47390

Website

https://www.cardinalethanol.com

Cardinal Ethanol LLC is a producer and seller of fuel-grade ethanol, distiller's grains, corn oil, and carbon dioxide throughout the continent of the United States. The company's prime selling products include ethanol, dried distillers grains, corn oil, and carbon dioxide. Its two operating segments are ethanol production through the Ethanol Division; and trading of agricultural grains through the Trading Division. The revenues from Ethanol Division come from primary sources: sales of fuel ethanol which is the key revenue driver. Revenues from the Trading Division are derived from procuring, transporting, and selling grain commodities. The majority of the revenue for the company is generated from its Ethanol Division.

Executives

Adam Kline	director	938 E 58TH STREET, INDIANAPOLIS IN 46220
Chad Smith	director	3665 GOULD DRIVE, CARMEL IN 46033
Gerald R Forsythe	director	600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Danny Ray Huston	director	616 W JACKSON STREET, PARKER CITY IN 47368
Casey Bruns	officer: Commodity Manager	10158 STATE ROUTE 49, ANSONIA OH 45303
Daniel J. Sailer	director	11320 ABBITT TRAIL, ZIONSVILLE IN 46077
Dersch David Matthew Jr	director	113 BENNINGTON ROAD, GREER SC 29650
Roch Lewis M Iii	director	21 GOSS ROAD, NORTH HAMPTON NH 03862
Robert Nathan Baker	director	8124 E. GREENBRIAR COURT, WICHITA KS 67226
Gregory August Roy	officer: Commodity Manager	23308 PAULDING ROAD, MONROEVILLE IN 46773
Jerry Phillip Zicht	director	5653 NORTH US HWY 27, WINCHESTER IN 47394
Adam Zeedyk	officer: Commodity Manager	9 PECK DRIVE, WINCHESTER IN 47394
William J Dartt	officer: Chief Financial Officer	1520 ROSEDALE AVENUE, BUCYRUS OH 44820
Roch Lewis Marshall Ii	director	2006 E. ROBINWOOD DRIVE, MUNCIE IN 47304
Barry J Hudson	director	200 EAST JACKSON STREET, MUNCIE IN 47305

Cardinal Ethanol LLC Headlines

No Headlines