Pason Systems (Pason Systems) Long-Term Capital Lease Obligation : $8.8 Mil (As of Dec. 2023)

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What is Pason Systems Long-Term Capital Lease Obligation?

Pason Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.8 Mil.

Pason Systems's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($7.8 Mil) to Sep. 2023 ($8.4 Mil) and increased from Sep. 2023 ($8.4 Mil) to Dec. 2023 ($8.8 Mil).

Pason Systems's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($4.3 Mil) to Dec. 2022 ($2.7 Mil) but then increased from Dec. 2022 ($2.7 Mil) to Dec. 2023 ($8.8 Mil).

Pason Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pason Systems'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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Pason Systems Long-Term Capital Lease Obligation Chart

Pason Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.76

3.31

4.33

2.73

8.83

Pason Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.73	8.72	7.80	8.45	8.83

Pason Systems (OTCPK:PSYTF) 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.

Pason Systems Long-Term Capital Lease Obligation Related Terms

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Pason Systems (Pason Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pason Systems Inc (OTCPK:PSYTF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

3PS:Germany PSI:Canada

Address

6130 Third Street SE, Calgary, AB, CAN, T2H 1K4

Website

https://www.pason.com

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management. The company operates in three geographic segments: Canada, the United States, and International (Latin America, Offshore, the Eastern Hemisphere, and the Middle East).

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