Titanium Transportation Group (Titanium Transportation Group) Long-Term Capital Lease Obligation : $12.7 Mil (As of Mar. 2024)

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What is Titanium Transportation Group Long-Term Capital Lease Obligation?

Titanium Transportation Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $12.7 Mil.

Titanium Transportation Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($15.6 Mil) to Dec. 2023 ($13.8 Mil) and declined from Dec. 2023 ($13.8 Mil) to Mar. 2024 ($12.7 Mil).

Titanium Transportation Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($20.3 Mil) to Dec. 2022 ($13.3 Mil) but then increased from Dec. 2022 ($13.3 Mil) to Dec. 2023 ($13.8 Mil).

Titanium Transportation Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Titanium Transportation 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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Titanium Transportation Group Long-Term Capital Lease Obligation Chart

Titanium Transportation Group Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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29.18

28.02

20.26

13.32

13.84

Titanium Transportation 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															12.51	12.16	15.60	13.84	12.73

Titanium Transportation Group (OTCPK:TTNMF) 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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Titanium Transportation Group (Titanium Transportation Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Titanium Transportation Group Inc (OTCPK:TTNMF) » Definitions » Long-Term Capital Lease Obligation

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TTNM:Canada

Address

32 Simpson Road, Bolton, ON, CAN, L7E 1G9

Website

https://www.ttgi.com

Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Most of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.