CleanCore Solutions (CleanCore Solutions) Long-Term Capital Lease Obligation : $0.35 Mil (As of Dec. 2023)

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What is CleanCore Solutions Long-Term Capital Lease Obligation?

CleanCore Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.35 Mil.

CleanCore Solutions's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.42 Mil) to Jun. 2023 ($0.40 Mil) and declined from Jun. 2023 ($0.40 Mil) to Dec. 2023 ($0.35 Mil).

CleanCore Solutions's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2021 ($0.00 Mil) to Jun. 2022 ($0.00 Mil) but then increased from Jun. 2022 ($0.00 Mil) to Jun. 2023 ($0.40 Mil).

CleanCore Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for CleanCore Solutions'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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CleanCore Solutions Long-Term Capital Lease Obligation Chart

CleanCore Solutions Annual Data

Trend

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.40

CleanCore Solutions Quarterly Data
	Jun21	Mar22	Jun22	Oct22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.42	0.40	0.35

CleanCore Solutions (AMEX:ZONE) 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.

CleanCore Solutions Long-Term Capital Lease Obligation Related Terms

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CleanCore Solutions (CleanCore Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CleanCore Solutions Inc (AMEX:ZONE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137

Website

https://www.cleancoresol.com

CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

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