Puradyn Filter Technologies (Puradyn Filter Technologies) Long-Term Capital Lease Obligation : $0.66 Mil (As of Dec. 2019)

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What is Puradyn Filter Technologies Long-Term Capital Lease Obligation?

Puradyn Filter Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was $0.66 Mil.

Puradyn Filter Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2019 ($0.74 Mil) to Sep. 2019 ($0.70 Mil) and declined from Sep. 2019 ($0.70 Mil) to Dec. 2019 ($0.66 Mil).

Puradyn Filter Technologies's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.00 Mil) to Dec. 2018 ($0.00 Mil) but then increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($0.66 Mil).

Puradyn Filter Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Puradyn Filter Technologies'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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Puradyn Filter Technologies Long-Term Capital Lease Obligation Chart

Puradyn Filter Technologies Annual Data

Trend

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Dec19

Long-Term Capital Lease Obligation

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0.01

0.66

Puradyn Filter Technologies Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.74	0.74	0.70	0.66

Puradyn Filter Technologies (OTCPK:PFTI) 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.

Puradyn Filter Technologies Long-Term Capital Lease Obligation Related Terms

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Puradyn Filter Technologies (Puradyn Filter Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Puradyn Filter Technologies Inc (OTCPK:PFTI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2017 High Ridge Road, Boynton Beach, FL, USA, 33426

Website

https://www.puradyn.com

Puradyn Filter Technologies Inc involves in designing manufactures and distributes Puradyn oil filtration system. Its product is used for all combustion engines and hydraulic equipment that use lubricating oil. The filtration system primarily cleans oil by providing a second circuit of oil filtration and provides treatment to continually remove solid, liquid and gaseous contaminants from the oil through filtration and evaporation process. The filtration system is offered in two models namely MTS and a custom engineered hydraulic system. The company markets its product and generates revenue from across the globe.

Executives

Kevin G Kroger	director, officer: President, Chief Operating Off	4305 CHERRY HILL E. ORCHARD LAKE MI 48323
Edward Vittoria	director, 10 percent owner, officer: Chief Executive Officer	C/O 2017 HIGH RIDGE ROAD BOYNTON BEACH FL 33426
John S Caldwell	director	7902 SOUTH RUN VIEW, SPRINGFIELD VA 22153
Joseph V Vittoria	director, 10 percent owner, officer: Executive Chairman of Board	P O BOX 66100 WHQLD CHICAGO IL 60666
Alan J Sandler	officer: Vice President and CAO	21621 MAGDALENA TERRACE BOCA RATON FL 33433
Dominick A Telesco	director	150 VIA BELLARIA PALM BEACH FL 33480
Forrest Duane Hayes	other: Former director	56 WEXFORD ON THE GREEN HILTON HEAD ISLAND SC 29928
Charles W Walton	director	25800 SCIENCE PARK DRIVE, SUITE 140 BEACHWOOD OH 44122
Cindy Lea Gimler	officer: Chief Financial Officer	10779 CAMBAY CIRCLE BOYNTON BEACH FL 33437
Kathryn Ann Morris	other: Director of Corp Communic.	52 BAYTREE CIRCLE BOYNTON BEACH FL 33436
Doris W Clifton	officer: VP Sales and Marketing	7298 WILLIAMSON RD DALLAS TX 75214
Richard C Ford	director, 10 percent owner
Glenhill Advisors Llc	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Glenn J Krevlin	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Peter H Stephaich	director	525 WILLIAM PENN PL STE 3901 PITTSBURGH PA 15219

Puradyn Filter Technologies (Puradyn Filter Technologies) Headlines

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