Organic Agricultural Co (Organic Agricultural Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Organic Agricultural Co Long-Term Capital Lease Obligation?

Organic Agricultural Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Organic Agricultural Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Organic Agricultural Co'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.
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Organic Agricultural Co Long-Term Capital Lease Obligation Chart

Organic Agricultural Co Annual Data

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Long-Term Capital Lease Obligation

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Organic Agricultural Co Quarterly Data
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Organic Agricultural Co (OTCPK:OGAA) 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.

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Organic Agricultural Co (Organic Agricultural Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Organic Agricultural Co Ltd (OTCPK:OGAA) » Definitions » Long-Term Capital Lease Obligation

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Address

High and New Technology Industrial Development District, Room G504 G506 G509 G510, Building No. 3, Kejichuangxincheng Chuangxinchuangye Plaza, Heilongjiang Province, Harbin, CHN, 150090

Website

http://www.oacl.top

Organic Agricultural Co Ltd is engaged in manufacturing of agricultural products, rice, and other related products. The Company sells paddy and selenium-enriched paddy products, rice and other agricultural products. Geographically, the firm generates a majority of its revenue from the People's Republic of China.

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