REX American Resources (REX American Resources) Long-Term Capital Lease Obligation : $8.4 Mil (As of Jan. 2024)

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What is REX American Resources Long-Term Capital Lease Obligation?

REX American Resources's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $8.4 Mil.

REX American Resources's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($7.6 Mil) to Oct. 2023 ($9.2 Mil) but then declined from Oct. 2023 ($9.2 Mil) to Jan. 2024 ($8.4 Mil).

REX American Resources's annual Long-Term Capital Lease Obligation increased from Jan. 2022 ($6.4 Mil) to Jan. 2023 ($9.9 Mil) but then declined from Jan. 2023 ($9.9 Mil) to Jan. 2024 ($8.4 Mil).

REX American Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for REX American Resources'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.

REX American Resources Long-Term Capital Lease Obligation Chart

REX American Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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10.69

7.44

6.39

9.86

8.38

REX American Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.86	8.70	7.61	9.16	8.38

REX American Resources (NYSE:REX) 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.

REX American Resources Long-Term Capital Lease Obligation Related Terms

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REX American Resources (REX American Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » REX American Resources Corp (NYSE:REX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RX3:Germany

Address

7720 Paragon Road, Dayton, OH, USA, 45459

Website

https://www.rexamerican.com

REX American Resources Corp operates as a holding company, which engages in investment in alternative energy and ethanol production entities. Its operating segments include Ethanol and By-Products. Its products include dried distillers grains, modified distillers grains, and non-food grade corn oil.

Executives

Douglas Bruggeman	officer: CFO, VP-Finance, Treasurer	7720 PARAGON ROAD, DAYTON OH 45459
Cheryl Lea Bustos	director	43 SUGARCREEK TRAIL, GALENA IL 61036
Stuart A Rose	director, 10 percent owner, officer: COB; CEO	7720 PARAGON ROAD, DAYTON OH 45459
Mervyn L Alphonso	director	7720 PARAGON ROAD, DAYTON OH 45459
Anne Macmillan	director	7720 PARAGON ROAD, DAYTON OH 45459
Lawrence Tomchin	director	7720 PARAGON ROAD, DAYTON OH 45459
Zafar A Rizvi	officer: VP Loss Prevention	7720 PARAGON ROAD, DAYTON OH 45459
Edward M Kress	director, officer: Secretary	6505 LANDSEND COURT, DAYTON OH 45414
J. Dennis Hastert	director	20 S. WACKER DRIVE, CHICAGO IL 60606
David Fuchs	officer: VP Mgmt Information Systems	1366 HOLLOWCREEK DRIVE, MIAMISBURG OH 45342
Keith B Magby	officer: VP Operations	1947 FOUNTAINVIEW DRIVE, DAYTON OH 45414
David L Bearden	officer: President;COO	1517 WOODS DRIVE - UNIT 209, ARLINGTON HEIGHTS IL 60004
Philip J Kellar	officer: VP Store Operations	P O BOX 6592, KINGSPORT TN 37663
Lee Fisher	director	3605 WARRENSVILLE CENTER ROAD, SHAKER HEIGHTS OH 44122
David Harris	director	237 PARK AVENUE - SUITE 900, NEW YORK NY 10017