Vitreous Glass (TSXV:VCI) Long-Term Capital Lease Obligation : C$0.04 Mil (As of Sep. 2024)

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What is Vitreous Glass Long-Term Capital Lease Obligation?

Vitreous Glass's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.04 Mil.

Vitreous Glass's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (C$0.05 Mil) to Jun. 2024 (C$0.04 Mil) and declined from Jun. 2024 (C$0.04 Mil) to Sep. 2024 (C$0.04 Mil).

Vitreous Glass's annual Long-Term Capital Lease Obligation declined from Sep. 2022 (C$0.08 Mil) to Sep. 2023 (C$0.06 Mil) and declined from Sep. 2023 (C$0.06 Mil) to Sep. 2024 (C$0.04 Mil).

Vitreous Glass Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vitreous Glass'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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Vitreous Glass Long-Term Capital Lease Obligation Chart

Vitreous Glass Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

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0.12

0.10

0.08

0.06

0.04

Vitreous Glass Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	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															0.06	0.05	0.05	0.04	0.04

Vitreous Glass (TSXV:VCI) 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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Vitreous Glass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vitreous Glass Inc (TSXV:VCI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

VCIGF:USA

Address

212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5

Website

https://www.vitreousglass.ca

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass to sand and then this sand is sold to fiberglass insulation manufacturers as furnace ready cullet for use in their production facilities. Its sole source of revenue is generated by providing crushed glass to its customers.

Executives

Darcy Forbes	Senior Officer
Timothy Howard Rendell	Senior Officer
John Patrick Cashion	10% Security Holder, Director, Senior Officer

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