Sustainable Green Team (Sustainable Green Team) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Sustainable Green Team Long-Term Capital Lease Obligation?

Sustainable Green Team's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Sustainable Green Team's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.75 Mil) to Dec. 2022 ($7.14 Mil) but then declined from Dec. 2022 ($7.14 Mil) to Dec. 2023 ($0.00 Mil).

Sustainable Green Team Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sustainable Green Team'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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Sustainable Green Team Long-Term Capital Lease Obligation Chart

Sustainable Green Team Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.75

7.14

Sustainable Green Team Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					6.66	6.93	-	-	-

Sustainable Green Team (OTCPK:SGTM) 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.

Sustainable Green Team Long-Term Capital Lease Obligation Related Terms

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Sustainable Green Team (Sustainable Green Team) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sustainable Green Team Ltd (OTCPK:SGTM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

24200 County RD 561, Astatula, FL, USA, 34705

Website

https://www.thesustainablegreenteam.com

Sustainable Green Team Ltd, along with its subsidiaries, is engaged in mulch manufacturing. It acquires wood-based, feedstock, and other natural materials used for its mulch products. The company provides tree services, debris hauling, and removal, biomass recycling, mulch manufacturing, packaging, and sales. Its customers include governmental, residential, commercial customers, and retailers.