Ecolomondo (TSXV:ECM) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Ecolomondo Long-Term Capital Lease Obligation?

Ecolomondo's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Ecolomondo's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.00 Mil) to Dec. 2023 (C$0.00 Mil) but then stayed the same from Dec. 2023 (C$0.00 Mil) to Mar. 2024 (C$0.00 Mil).

Ecolomondo's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.02 Mil) to Dec. 2022 (C$0.08 Mil) but then declined from Dec. 2022 (C$0.08 Mil) to Dec. 2023 (C$0.00 Mil).

Ecolomondo Long-Term Capital Lease Obligation Historical Data

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

Ecolomondo Annual Data

Trend

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.02

0.09

0.02

0.08

Ecolomondo 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															0.05	0.02	-	-	-

Ecolomondo (TSXV:ECM) 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.

Ecolomondo Long-Term Capital Lease Obligation Related Terms

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Ecolomondo (TSXV:ECM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ecolomondo Corp (TSXV:ECM) » Definitions » Long-Term Capital Lease Obligation

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ECLMF:USA

Address

3435 Pitfield Boulevard, Saint-Laurent, QC, CAN, H4S 1H7

Website

https://www.ecolomondo.com

Ecolomondo Corp is a clean tech company focused on deployment of TDP turnkey facilities using its proprietary Thermal Decomposition Process (TDP) using a pyrolysis platform that converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. The Company's planned principal business is the sale, licencing and the manufacture of turnkey facilities based on the TDP technology platform as well as the collection of royalties from their operation or the operation of these facilities through wholly-owned or jointly-owned companies.

Executives

Michelle Jennifer Rosa

Director

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