NNRF (NNRI) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)

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What is NNRF Long-Term Capital Lease Obligation?

NNRF's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

NNRF Long-Term Capital Lease Obligation Historical Data

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

NNRF Annual Data

Trend

Long-Term Capital Lease Obligation

NNRF Quarterly Data
	Sep22	Sep23
Long-Term Capital Lease Obligation	-	-

NNRF (OTCPK:NNRI) 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.

NNRF Long-Term Capital Lease Obligation Related Terms

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NNRF (NNRI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NNRF Inc (OTCPK:NNRI) » Definitions » Long-Term Capital Lease Obligation

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Address

2475 Hiko Avenue, Reno, NV, USA, 89512

Website

http://www.nucon-rf.com

NNRF Inc is a project development and asset management company focused on environmental, agricultural, and nutraceutical fields. It is positioning itself as an eco-friendly holding company. The company aims to become a diversified holding company, maximizing shareholders' value and enabling economic development with a specific focus on emerging green markets. It looks to build value by targeting companies that are positioned to grow as the world moves to invest in and develop green technologies, green energy, and healthier living and lifestyles.

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