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Reco International Group (TSXV:RGI) Long-Term Capital Lease Obligation : C$0.05 Mil (As of Mar. 2024)


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What is Reco International Group Long-Term Capital Lease Obligation?

Reco International Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.05 Mil.

Reco International Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.19 Mil) to Dec. 2023 (C$0.12 Mil) and declined from Dec. 2023 (C$0.12 Mil) to Mar. 2024 (C$0.05 Mil).

Reco International Group's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (C$0.00 Mil) to Sep. 2022 (C$0.44 Mil) but then declined from Sep. 2022 (C$0.44 Mil) to Sep. 2023 (C$0.19 Mil).

Reco International Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Reco International Group'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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Reco International Group Long-Term Capital Lease Obligation Chart

Reco International Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.08 - 0.44 0.19

Reco International Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.26 0.19 0.12 0.05

Reco International Group  (TSXV:RGI) 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.

Reco International Group Long-Term Capital Lease Obligation Related Terms

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Reco International Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reco International Group Inc (TSXV:RGI) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
TSXV:MSP XPAR:DG NSE:LT PWR SHSE:601668 EME TSX:WSP SHSE:601390 HKSE:01800 FIX J SHSE:601186 ACM XKRX:028260 SHSE:601669 HKSE:03996 XPAR:EN MTZ BLD TTEK
Traded in Other Exchanges
N/A
Address
2051 Viceroy Place, Suite 100, Richmond, BC, CAN, V6V 1Y9
Website
http://www.recointernationalgroup.com
Reco International Group Inc is engaged in the business activity of commercial and residential construction and millwork. It provides services such as project management, design, millwork, and procurement. Project management services offered by the organization include the proposal, budgeting, scheduling, professional coordination, and administration of projects.