Volt Carbon Technologies (Volt Carbon Technologies) Long-Term Capital Lease Obligation : $0.63 Mil (As of Jan. 2024)

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What is Volt Carbon Technologies Long-Term Capital Lease Obligation?

Volt Carbon Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.63 Mil.

Volt Carbon Technologies's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($0.68 Mil) to Oct. 2023 ($0.63 Mil) and declined from Oct. 2023 ($0.63 Mil) to Jan. 2024 ($0.63 Mil).

Volt Carbon Technologies's annual Long-Term Capital Lease Obligation declined from Oct. 2021 ($0.84 Mil) to Oct. 2022 ($0.70 Mil) and declined from Oct. 2022 ($0.70 Mil) to Oct. 2023 ($0.63 Mil).

Volt Carbon Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Volt Carbon 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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Volt Carbon Technologies Long-Term Capital Lease Obligation Chart

Volt Carbon Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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0.02

0.84

0.70

0.63

Volt Carbon Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.70	0.68	0.68	0.63	0.63

Volt Carbon Technologies (OTCPK:TORVF) 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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Volt Carbon Technologies (Volt Carbon Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volt Carbon Technologies Inc (OTCPK:TORVF) » Definitions » Long-Term Capital Lease Obligation

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VCT:Canada

Address

70 Country Hills Landing NW, Suite 117, Calgary, AB, CAN, T3K 2L2

Website

https://www.voltcarbontech.com

Volt Carbon Technologies Inc is engaged in the exploration of mineral properties. The company has two operating segments. The mineral exploration and development segment focus on the acquisition and exploration of property interests that are considered potential sites of economic mineralization. The research and development segment focuses on the scientific study and technology applications for air classifier and battery development.