GLKFF (Cleantek Industries) Long-Term Capital Lease Obligation : $0.39 Mil (As of Dec. 2024)

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What is Cleantek Industries Long-Term Capital Lease Obligation?

Cleantek Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.39 Mil.

Cleantek Industries's quarterly Long-Term Capital Lease Obligation increased from Jun. 2024 ($0.18 Mil) to Sep. 2024 ($0.22 Mil) and increased from Sep. 2024 ($0.22 Mil) to Dec. 2024 ($0.39 Mil).

Cleantek Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($0.20 Mil) to Dec. 2023 ($0.50 Mil) but then declined from Dec. 2023 ($0.50 Mil) to Dec. 2024 ($0.39 Mil).

Cleantek Industries Long-Term Capital Lease Obligation Historical Data

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

Cleantek Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.37

0.34

0.20

0.50

0.39

Cleantek Industries Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													0.50	0.21	0.18	0.22	0.39

Cleantek Industries (OTCPK:GLKFF) 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.

Cleantek Industries Long-Term Capital Lease Obligation Related Terms

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Cleantek Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cleantek Industries Inc (OTCPK:GLKFF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CTEK:Canada

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 3C4

Website

https://www.cleantekinc.com

Cleantek Industries Inc is engaged in the manufacturing and rental of equipment to the oil and gas and construction industries in Western Canada and the United States. Its products include ZeroE, Halo, DZeroE, and SolarHybrid.Li, SolarHybrid, and Stadium Lighting among others. The company's revenue is generated from the rental and service of dehydration units, lighting towers, and lighting systems based on fixed or agreed-upon service contracts with the customer.

Cleantek Industries Headlines

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