McCoy Global (McCoy Global) Long-Term Capital Lease Obligation : $2.23 Mil (As of Mar. 2024)

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What is McCoy Global Long-Term Capital Lease Obligation?

McCoy Global's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.23 Mil.

McCoy Global's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($2.62 Mil) to Dec. 2023 ($2.39 Mil) and declined from Dec. 2023 ($2.39 Mil) to Mar. 2024 ($2.23 Mil).

McCoy Global's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($2.38 Mil) to Dec. 2022 ($3.26 Mil) but then declined from Dec. 2022 ($3.26 Mil) to Dec. 2023 ($2.39 Mil).

McCoy Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for McCoy Global'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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McCoy Global Long-Term Capital Lease Obligation Chart

McCoy Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.64

2.85

2.38

3.26

2.39

McCoy Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															3.01	2.81	2.62	2.39	2.23

McCoy Global (OTCPK:MCCRF) 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.

McCoy Global Long-Term Capital Lease Obligation Related Terms

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McCoy Global (McCoy Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (OTCPK:MCCRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

773:Germany MCB:Canada

Address

9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts. Some of its products are specialized hydraulic power tongs, dies, and inserts, make or break torque equipment, and computerized torque turn monitoring systems.

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