Perpetual Industries (Perpetual Industries) Long-Term Capital Lease Obligation : $0.46 Mil (As of Dec. 2022)

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What is Perpetual Industries Long-Term Capital Lease Obligation?

Perpetual Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.46 Mil.

Perpetual Industries's quarterly Long-Term Capital Lease Obligation increased from Jul. 2015 ($0.00 Mil) to Dec. 2021 ($0.68 Mil) but then declined from Dec. 2021 ($0.68 Mil) to Dec. 2022 ($0.46 Mil).

Perpetual Industries's annual Long-Term Capital Lease Obligation increased from Jul. 2015 ($0.00 Mil) to Dec. 2021 ($0.68 Mil) but then declined from Dec. 2021 ($0.68 Mil) to Dec. 2022 ($0.46 Mil).

Perpetual Industries Long-Term Capital Lease Obligation Historical Data

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

Perpetual Industries Annual Data

Trend

Jul13

Jul14

Jul15

Dec21

Dec22

Long-Term Capital Lease Obligation

0.68

0.46

Perpetual Industries Semi-Annual Data
	Jul13	Jul14	Jul15	Dec21	Dec22
Long-Term Capital Lease Obligation	-	-	-	0.68	0.46

Perpetual Industries (OTCPK:PRPI) 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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Perpetual Industries (Perpetual Industries) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2193 Rotunda Drive, Auburn, IN, USA, 46706

Website

https://www.perpetualindustries.com

Perpetual Industries Inc is engaged in the research, development, and commercialization of energy efficient products. The company's proprietary XYO Mechanical Balancing Technology is designed to harness rotor displacement energy and delivers solutions for inefficiencies that commonly affect rotating equipment, machinery, and devices. The firm is expanding expertise and knowledge of energy-efficient technology by developing low-cost, green energy solutions for various industries, including artificial intelligence, blockchain mining, graphic rendering, renewable energy, cloud computing and the internet of things, while continuing research, development, and commercialization of its proprietary XYO Balancing Technology in key applications.

Executives

Neil Maheshchandra Mulji	officer: Chief Operating Officer	5-8720 MACLEOD TRAIL SOUTH,, #110, CALGARY A0 T2H 0M4
Brent W. Bedford	director, 10 percent owner, officer: Chairman, President, CEO	5 - 8720 MACLEOD TRAIL SOUTH, #110, CALGARY A0 T2H 0M4
Roderick Charles Egan	director	C/O 5-8720 MACLEOD TRAIL SOUTH, #110, CALGARY A0 T2H 0M4
Douglas John Greig	other: GM of Operations	C/O 5-8720 MACLEOD TRAIL SOUTH, #110, CALGARY A0 T2H 0M4
Thomas Ristow	director	C/O 5-8720 MACLEOOD TRAIL SOUTH, #110, CALGARY A0 T2H 0M4