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Sacks Parente Golf (Sacks Parente Golf) Long-Term Capital Lease Obligation : $0.03 Mil (As of Mar. 2024)


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What is Sacks Parente Golf Long-Term Capital Lease Obligation?

Sacks Parente Golf's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.03 Mil.

Sacks Parente Golf's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.01 Mil) to Dec. 2023 ($0.03 Mil) but then declined from Dec. 2023 ($0.03 Mil) to Mar. 2024 ($0.03 Mil).

Sacks Parente Golf's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.01 Mil) and increased from Dec. 2022 ($0.01 Mil) to Dec. 2023 ($0.03 Mil).

Sacks Parente Golf Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sacks Parente Golf'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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Sacks Parente Golf Long-Term Capital Lease Obligation Chart

Sacks Parente Golf Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- - 0.01 0.03

Sacks Parente Golf Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 0.01 0.03 0.03

Sacks Parente Golf  (NAS:SPGC) 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.

Sacks Parente Golf Long-Term Capital Lease Obligation Related Terms

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Sacks Parente Golf (Sacks Parente Golf) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sacks Parente Golf Inc (NAS:SPGC) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
DOGZ KENS SRM BWMG DSHK BTDG CNXA ALTD PRKA FGH TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW
Traded in Other Exchanges
N/A
Address
551 Calle San Pablo, Camarillo, CA, USA, 93012
Website
https://www.sacksparente.com
Sacks Parente Golf Inc is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. It designs, manufactures, and sells technology-forward, golf equipment, which is comprised of putting instruments, golf shafts, golf grips, and related product groups. It designs its golf products to fit golfers of all skill levels, amateur and professional.
Executives
Brett Widney Hoge director 121 GRASSLANDS CT, ADVANCE NC 27006
Steve Handy officer: Chief Financial Officer 8228 SUNSET BLVD., LOS ANGELES CA 90046
Timothy Triplett director, officer: Chief Executive Officer
Michael Robert Ferris officer: See remarks 2 CAPTAIN ROAD, WILBRAHAM MA 01095
Akinobu Yorihiro director, officer: Chief Technology Officer 155 GILES ROAD, LAKE SHERWOOD CA 91361
Gregor Alasdair Campbell director 5460 LIVERPOOL CT, OAK PARK CA 91377
Dorothy Lynn Pepper director P.O.BOX 623 ! WEBSTER ST, SARATOGA SPRINGS NY 12866
Angelo Gregory Papadourakis officer: EVP Sales & Distribution 8468 CHICORY COURT, DARIEN IL 60561
Nippon Xport Ventures, Inc. 10 percent owner 155 GILES ROAD,, LAKE SHERWOOD CA 91361