Taronis Fuels (Taronis Fuels) Long-Term Capital Lease Obligation : $8.31 Mil (As of Sep. 2020)

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What is Taronis Fuels Long-Term Capital Lease Obligation?

Taronis Fuels's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was $8.31 Mil.

Taronis Fuels's quarterly Long-Term Capital Lease Obligation increased from Mar. 2020 ($5.94 Mil) to Jun. 2020 ($7.30 Mil) and increased from Jun. 2020 ($7.30 Mil) to Sep. 2020 ($8.31 Mil).

Taronis Fuels's annual Long-Term Capital Lease Obligation increased from Dec. 2017 ($0.06 Mil) to Dec. 2018 ($0.20 Mil) and increased from Dec. 2018 ($0.20 Mil) to Dec. 2019 ($3.14 Mil).

Taronis Fuels Long-Term Capital Lease Obligation Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Long-Term Capital Lease Obligation Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Long-Term Capital Lease Obligation

0.06

0.20

3.14

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					3.04	3.14	5.94	7.30	8.31

Taronis Fuels (OTCPK:TRNFQ) 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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Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director