G6 Materials (TSXV:GGG) Long-Term Capital Lease Obligation : C$0.25 Mil (As of Feb. 2024)

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What is G6 Materials Long-Term Capital Lease Obligation?

G6 Materials's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.25 Mil.

G6 Materials's quarterly Long-Term Capital Lease Obligation stayed the same from Aug. 2023 (C$0.00 Mil) to Nov. 2023 (C$0.00 Mil) but then increased from Nov. 2023 (C$0.00 Mil) to Feb. 2024 (C$0.25 Mil).

G6 Materials's annual Long-Term Capital Lease Obligation declined from May. 2021 (C$0.18 Mil) to May. 2022 (C$0.00 Mil) but then stayed the same from May. 2022 (C$0.00 Mil) to May. 2023 (C$0.00 Mil).

G6 Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for G6 Materials'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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G6 Materials Long-Term Capital Lease Obligation Chart

G6 Materials Annual Data

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Long-Term Capital Lease Obligation

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0.18

G6 Materials Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.25

G6 Materials (TSXV:GGG) 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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G6 Materials (TSXV:GGG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G6 Materials Corp (TSXV:GGG) » Definitions » Long-Term Capital Lease Obligation

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GPHBF:USA G310:Germany

Address

760 Koehler Avenue, Suite 2, Ronkonkoma, NY, USA, 11779

Website

https://www.g6-materials.com

G6 Materials Corp is engaged in the development, manufacture, and sale of proprietary composites and coatings based on graphene and other advanced materials. The company's products include high-performance resins, composites, R&D materials, fine organic chemicals, and conductive adhesives.

Executives

Elena Polyakova

Director, Senior Officer