PlasCred Circular Innovations (PlasCred Circular Innovations) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2023)

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What is PlasCred Circular Innovations Long-Term Capital Lease Obligation?

PlasCred Circular Innovations's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.

PlasCred Circular Innovations Long-Term Capital Lease Obligation Historical Data

The historical data trend for PlasCred Circular Innovations'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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PlasCred Circular Innovations Long-Term Capital Lease Obligation Chart

PlasCred Circular Innovations Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

PlasCred Circular Innovations Quarterly Data
	Jun22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	-	-	-	-

PlasCred Circular Innovations (OTCPK:MGPRF) 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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PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Long-Term Capital Lease Obligation

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XV2:Germany PLAS:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.plascred.com

PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

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