Unique Logistics International (Unique Logistics International) Long-Term Capital Lease Obligation : $7.2 Mil (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Unique Logistics International Long-Term Capital Lease Obligation?

Unique Logistics International's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $7.2 Mil.

Unique Logistics International's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($8.0 Mil) to Nov. 2023 ($7.8 Mil) and declined from Nov. 2023 ($7.8 Mil) to Feb. 2024 ($7.2 Mil).

Unique Logistics International's annual Long-Term Capital Lease Obligation declined from May. 2021 ($2.4 Mil) to May. 2022 ($1.6 Mil) but then increased from May. 2022 ($1.6 Mil) to May. 2023 ($8.2 Mil).

Unique Logistics International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Unique Logistics International'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.

Unique Logistics International Long-Term Capital Lease Obligation Chart

Unique Logistics International Annual Data

Trend

May20

May21

May22

May23

Long-Term Capital Lease Obligation

3.48

2.43

1.59

8.21

Unique Logistics International Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												8.81	8.21	7.97	7.75	7.20

Unique Logistics International (OTCPK:UNQL) 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.

Unique Logistics International Long-Term Capital Lease Obligation Related Terms

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

Unique Logistics International (Unique Logistics International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unique Logistics International Inc (OTCPK:UNQL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

154-09, 146th Avenue, Jamaica, NY, USA, 11434

Website

https://www.unique-logistics.com

Unique Logistics International Inc is a logistics and freight forwarding company. Its services include Air Freight, Ocean Freight, Customs Brokerage, Insurance, Domestic Distribution, and DDP and Fiscal Representation. Geographically, it derives a majority of its revenue from China, Hong Kong and Taiwan.

Executives

Migdalia Diaz	officer: Chief Operating Officer	3722 CASTEEL PARK DRIVE, MARIETTA GA 30064
Sunandan Ray	director, officer: Chief Executive Officer	320 SOUTHDOWN ROAD, LLYOD HARBOR NY 11743
Lee Patrick Man Bun	director	UNIT 05-06, 3/F, ENTERPRISE SQUARE, 9 SHEUNG YUET RD, KOWLOON BAY, KOWLOON K3 1703
David S. Briones	director	C/O PETRO RIVER OIL COMPANY, 1980 POST OAK BLVD., SUITE 2020, HOUSTON TX 77056
Sterling C. Barton	10 percent owner	823 SOUTH SIXTH STREET, SUITE 100, LAS VEGAS NV 89101
Keith S. Barton	10 percent owner	488 MADISON AVENUE, SUITE 1100, NEW YORK NY 10022
Gcnd, Inc.	10 percent owner	C/O GARY WOLF ESQ., 488 MADISON AVE., STE. 1100, NEW YORK NY 10022