Aduro Clean Technologies (XCNQ:ACT) Long-Term Capital Lease Obligation : C$0.11 Mil (As of Feb. 2024)

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What is Aduro Clean Technologies Long-Term Capital Lease Obligation?

Aduro Clean Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.11 Mil.

Aduro Clean Technologies's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (C$0.09 Mil) to Nov. 2023 (C$0.12 Mil) but then declined from Nov. 2023 (C$0.12 Mil) to Feb. 2024 (C$0.11 Mil).

Aduro Clean Technologies's annual Long-Term Capital Lease Obligation increased from May. 2021 (C$0.00 Mil) to May. 2022 (C$0.14 Mil) but then declined from May. 2022 (C$0.14 Mil) to May. 2023 (C$0.10 Mil).

Aduro Clean Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aduro Clean Technologies'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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Aduro Clean Technologies Long-Term Capital Lease Obligation Chart

Aduro Clean Technologies Annual Data

Trend

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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0.01

0.14

0.10

Aduro Clean Technologies Quarterly Data
	May19	Aug19	Nov19	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															0.10	0.10	0.09	0.12	0.11

Aduro Clean Technologies (XCNQ:ACT) 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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Aduro Clean Technologies (XCNQ:ACT) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aduro Clean Technologies Inc (XCNQ:ACT) » Definitions » Long-Term Capital Lease Obligation

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ACTHF:USA 9D50:Germany

Address

1086 Modeland Road, Suite 104, Sarnia, ON, CAN, N7S 6L2

Website

https://www.adurocleantech.com

Aduro Clean Technologies Inc is a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into feedstocks and higher-value fuels. The company's technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and costs.