Heritage Global (Heritage Global) Long-Term Capital Lease Obligation : $1.86 Mil (As of Dec. 2023)

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What is Heritage Global Long-Term Capital Lease Obligation?

Heritage Global's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.86 Mil.

Heritage Global's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($2.18 Mil) to Sep. 2023 ($2.02 Mil) and declined from Sep. 2023 ($2.02 Mil) to Dec. 2023 ($1.86 Mil).

Heritage Global's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.25 Mil) to Dec. 2022 ($2.16 Mil) and declined from Dec. 2022 ($2.16 Mil) to Dec. 2023 ($1.86 Mil).

Heritage Global Long-Term Capital Lease Obligation Historical Data

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

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.94

0.62

2.25

2.16

1.86

Heritage Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.16	2.03	2.18	2.02	1.86

Heritage Global (NAS:HGBL) 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.

Heritage Global Long-Term Capital Lease Obligation Related Terms

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Heritage Global (Heritage Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (NAS:HGBL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LGC:Germany

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

Executives

Nicholas Kirk Dove	officer: President, Industrial Assets	12509 EL CAMINO REAL, UNIT B, SAN DIEGO CA 92130
Samuel L Shimer	director	C/O HERITAGE GLOBAL INC., 12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Ross Dove	officer: President of Subsidiary	330 HATCH DRIVE, FOSTER CITY CA 94404
David Van Ludwig	officer: President of subsidiary	10 SUNSET HILLS PROFESSIONAL CENTRE, EDWARDSVILLE IL 62025
Michael Hexner	director	200 BRANNAN STREET, #332, SAN FRANCISCO CA 94107
Topline Capital Partners, Lp	10 percent owner	544 EUCLID STREET, SANTA MONICA CA 90402
Topline Capital Management, Llc	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402
William L Burnham	director	INDUCTIVE CAPITAL LP, 9855 DOUBLE R BLVD, STE 125, RENO NV 89521
James Edward Sklar	officer: EVP, Gen. Counsel & Secretary	31500 NORTHWESTERN HWY., SUITE 105, FARMINGTON HILLS MI 48334
Kelly S Sharpe	director	5094 NORTHLAWN DR., SAN JOSE CA 95130
Barbara A Sinsley	director	2502 KENNETH ST., MARRIETA GA 30066
Shirley Cho	director	12227 VALLEYHEART DRIVE, STUDIO CITY CA 91604
Brian J. Cobb	officer: VP of Finance and Controller	12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
Allan C Silber	officer: President	C/O COUNSEL CORPORATION, 700 - 1 TORONTO ST., TORONTO A6 M5C 2V6
Mcbirney Collin	other: See Explanation in Footnotes	544 EUCLID STREET, SANTA MONICA CA 90402