RSCF (Reflect Scientific) Long-Term Capital Lease Obligation : $0.12 Mil (As of Sep. 2024)

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What is Reflect Scientific Long-Term Capital Lease Obligation?

Reflect Scientific's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.12 Mil.

Reflect Scientific's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($0.16 Mil) to Jun. 2024 ($0.14 Mil) and declined from Jun. 2024 ($0.14 Mil) to Sep. 2024 ($0.12 Mil).

Reflect Scientific's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.06 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.18 Mil).

Reflect Scientific Long-Term Capital Lease Obligation Historical Data

The historical data trend for Reflect Scientific'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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Reflect Scientific Long-Term Capital Lease Obligation Chart

Reflect Scientific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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0.01

0.11

0.06

0.18

Reflect Scientific Quarterly Data
	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.20	0.18	0.16	0.14	0.12

Reflect Scientific (OTCPK:RSCF) 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.

Reflect Scientific Long-Term Capital Lease Obligation Related Terms

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Reflect Scientific Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Reflect Scientific Inc (OTCPK:RSCF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1266 South 1380 West, Orem, UT, USA, 84058

Website

https://www.reflectscientific.com

Reflect Scientific Inc is engaged in the manufacture and distribution of products targeted at the life science market. The company serves a varies array of customers including hospitals and diagnostic laboratories, pharmaceutical and biotech companies, universities, government and private sector research facilities, and chemical and industrial companies. The products of the company are Cryometrix Freezers which provides energy savings and other critically important benefits to cryo-storage customers in the Life Science related industries, and detectors that serve the analytical instrumentation sector of the Life Sciences market. The Firm sells its products in the biotechnology, pharmaceutical, and medical industries. The firm generates revenue from Freezers and chillers, and OEM & other.

Executives

Kim Boyce	director, 10 percent owner, officer: President	1266 SOUTH 1380 WEST, OREM UT 84058
Keith L Merrell	officer: CFO	1240 MUELLER PARK ROAD, BOUNTIFUL UT 84010
William G Moon	director	1266 SOUTH 1380 WEST, OREM UT 84058
David Scott Strate	officer: CFO	1270 S 1380 W, OREM UT 84058
Kevin Cooksy	officer: Secretary Treasurer	3161 GRANADA DRIVE, CAMERON PARK CA 95682
Craig Morrison	director	975 NORTH TERRACE DRIVE, PROVO UT 84604
Thomas A Tait	director, officer: Vice President	514 AMERICAS WAY #5556, BOX ELDER SD 57719