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Earthworks Industries (Earthworks Industries) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)


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What is Earthworks Industries Long-Term Capital Lease Obligation?

Earthworks Industries's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.


Earthworks Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Earthworks Industries'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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Earthworks Industries Long-Term Capital Lease Obligation Chart

Earthworks Industries Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Long-Term Capital Lease Obligation
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Earthworks Industries Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Earthworks Industries  (OTCPK:EAATF) 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.

Earthworks Industries Long-Term Capital Lease Obligation Related Terms

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Earthworks Industries (Earthworks Industries) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6
Earthworks Industries Inc is engaged in waste disposal. The company project includes Cortina Integrated Waste Management Project. Its geographical segments include Canada and the United States.

Earthworks Industries (Earthworks Industries) Headlines

From GuruFocus

Earthworks Industries Inc. - CORTINA UPDATE

By PRNewswire 08-16-2023