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TurnOnGreen (TurnOnGreen) Long-Term Capital Lease Obligation : $0.49 Mil (As of Mar. 2024)


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What is TurnOnGreen Long-Term Capital Lease Obligation?

TurnOnGreen's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.49 Mil.

TurnOnGreen's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.79 Mil) to Dec. 2023 ($0.63 Mil) and declined from Dec. 2023 ($0.63 Mil) to Mar. 2024 ($0.49 Mil).

TurnOnGreen's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.19 Mil) to Dec. 2022 ($1.25 Mil) but then declined from Dec. 2022 ($1.25 Mil) to Dec. 2023 ($0.63 Mil).

TurnOnGreen Long-Term Capital Lease Obligation Historical Data

The historical data trend for TurnOnGreen'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.

TurnOnGreen Long-Term Capital Lease Obligation Chart

TurnOnGreen Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - - 0.19 1.25 0.63

TurnOnGreen Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 0.95 0.79 0.63 0.49

TurnOnGreen  (OTCPK:TOGI) 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.

TurnOnGreen Long-Term Capital Lease Obligation Related Terms

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TurnOnGreen (TurnOnGreen) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TurnOnGreen Inc (OTCPK:TOGI) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
NXU KRFG POLA BSTK PWDY CAPC DLYT COUV QBAK OZSC SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 XKRX:247540 SZSE:300274 VRT HUBB
Traded in Other Exchanges
N/A
Address
1421 McCarthy Boulevard, Las Vegas, NV, USA, 95035
Website
https://www.turnongreen.com
TurnOnGreen Inc is a company that designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets it serves include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility.
Executives
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Amos Kohn director, officer: Chief Executive Officer 48430 LAKEVIEW BLVD., C/O DIGITAL POWER CORP, FREMONT CA 94538
Douglas Gintz director, officer: Chief Technology Officer C/O TURNONGREEN, INC., 1421 MCCARTHY BLVD., MILPITAS CA 95035
Marcus Charuvastra officer: President 2980 BEVERLY GLEN CIR.,, STE 100, LOS ANGELES CA 90077
Henry Carl Nisser director, officer: Chief Executive Officer 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
David J Katzoff officer: CFO, Secretary, Treasurer 201 SHIPYARD WAY, NEWPORT BEACH CA 92663
Kristie Andreula officer: Chief R and D Officer 30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801
Vincent Andruela director, officer: CEO, CFO, and President 30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801
Michael Andreula officer: Chief Marketing Officer 30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801
Karada Ltd 10 percent owner TRUST COMPANY COMPLEX, AJELTAKE ROAD, AJELTAKE, MAJURO 1T MAJURO
Lars Brannvall director, officer: President, CEO, CFO, Secretary SUITE 5.18, MLS BUSINESS CENTRE, 130 SHAFTESBURY AVENUE, LONDON X0 W1D 5EU
Colour Industry Inc. 10 percent owner PRASANMITR THANI TOWER, SUITE 2404, 41 SUKHUMVIT SOI 23, KLONGTOEY NUA, WATTANA, BANGKOK W1 10110
Coloured Industry Technology Partnership 2 Llp 10 percent owner 4 BEDFORD ROW, LONDON X0 WC1R 4DF
Mobile Warrior Technology Partnership Llp 10 percent owner 4 BEDFORD ROW, LONDON X0 WC1R 4DF