Northstar Clean Technologies (TSXV:ROOF) Long-Term Capital Lease Obligation : C$8.87 Mil (As of Dec. 2024)

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What is Northstar Clean Technologies Long-Term Capital Lease Obligation?

Northstar Clean Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$8.87 Mil.

Northstar Clean Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (C$3.31 Mil) to Sep. 2024 (C$3.14 Mil) but then increased from Sep. 2024 (C$3.14 Mil) to Dec. 2024 (C$8.87 Mil).

Northstar Clean Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (C$1.14 Mil) to Dec. 2023 (C$3.64 Mil) and increased from Dec. 2023 (C$3.64 Mil) to Dec. 2024 (C$8.87 Mil).

Northstar Clean Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northstar Clean Technologies'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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Northstar Clean Technologies Long-Term Capital Lease Obligation Chart

Northstar Clean Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.19

1.66

1.14

3.64

8.87

Northstar Clean Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														3.64	3.48	3.31	3.14	8.87

Northstar Clean Technologies (TSXV:ROOF) 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.

Northstar Clean Technologies Long-Term Capital Lease Obligation Related Terms

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Northstar Clean Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Northstar Clean Technologies Inc (TSXV:ROOF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ROOOF:USA

Address

No. 12111 40th Street South East, Calgary, Alberta, BC, CAN, T2Z 4E6

Website

https://www.northstarcleantech.com

Northstar Clean Technologies Inc is engaged in the commercialization of proprietary process technology for the recycling of asphalt shingles and the extraction and recovery of asphalt cement, fiberglass/felt and mineral aggregates to be sold and used in asphalt pavement, shingle manufacturing, construction products, and other industrial applications. The Company currently operates in one business segment in Canada, being the repurposing and reprocessing of asphalt shingles.

Executives

Gregory Gerald Phaneuf	Senior Officer
Sarah Gingrich	Senior Officer
Neil Currie	Director
James Corey Borkowski	Director
Kellie Johnston	Senior Officer
James A. Currie	Director, Senior Officer
Aidan Mills	Senior Officer
Rosemary Pritchard	Senior Officer
Gregg J. Sedun	Director

Northstar Clean Technologies Headlines

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