GPO Plus (GPO Plus) Long-Term Capital Lease Obligation : $0.16 Mil (As of Jan. 2024)

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What is GPO Plus Long-Term Capital Lease Obligation?

GPO Plus's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.16 Mil.

GPO Plus's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($0.14 Mil) to Oct. 2023 ($0.17 Mil) but then declined from Oct. 2023 ($0.17 Mil) to Jan. 2024 ($0.16 Mil).

GPO Plus's annual Long-Term Capital Lease Obligation stayed the same from Apr. 2021 ($0.00 Mil) to Apr. 2022 ($0.00 Mil) but then increased from Apr. 2022 ($0.00 Mil) to Apr. 2023 ($0.09 Mil).

GPO Plus Long-Term Capital Lease Obligation Historical Data

The historical data trend for GPO Plus'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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GPO Plus Long-Term Capital Lease Obligation Chart

GPO Plus Annual Data

Trend

Apr16

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Apr23

Long-Term Capital Lease Obligation

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0.09

GPO Plus Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.09	0.14	0.17	0.16

GPO Plus (OTCPK:GPOX) 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.

GPO Plus Long-Term Capital Lease Obligation Related Terms

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GPO Plus (GPO Plus) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GPO Plus Inc (OTCPK:GPOX) » Definitions » Long-Term Capital Lease Obligation

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Address

3571 E. Sunset Road, Suite 300, Las Vegas, NV, USA, 89120

Website

https://www.gpoplus.com

GPO Plus Inc is a fully reporting global holding company of industry-specific Group Purchasing Organizations (GPO). The company's main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry. In addition, GPOPlus+ offers professional services through GPOPRO Services. The Company's business is organized around four key areas which are products (developing and manufacturing), distribution (getting our products to customers), marketing (promoting our products), and sales (selling our products to consumers and retailers).