Profire Energy (FRA:PFR) Long-Term Capital Lease Obligation : €0.26 Mil (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Profire Energy Long-Term Capital Lease Obligation?

Profire Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.26 Mil.

Profire Energy's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.07 Mil) to Dec. 2023 (€0.28 Mil) but then declined from Dec. 2023 (€0.28 Mil) to Mar. 2024 (€0.26 Mil).

Profire Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.03 Mil) to Dec. 2022 (€0.06 Mil) and increased from Dec. 2022 (€0.06 Mil) to Dec. 2023 (€0.28 Mil).

Profire Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Profire Energy'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.

* Premium members only.

Profire Energy Long-Term Capital Lease Obligation Chart

Profire Energy Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

0.05

0.01

0.03

0.06

0.28

Profire Energy 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	0.09	0.07	0.28	0.26

Profire Energy (FRA:PFR) 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.

Profire Energy Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Profire Energy's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Profire Energy (FRA:PFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Profire Energy Inc (FRA:PFR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PFIE:USA

Address

321 South 1250 West, Suite 1, Lindon, UT, USA, 84042

Website

https://www.profireenergy.com

Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.

Profire Energy (FRA:PFR) Headlines

No Headlines