Pure Cycle Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- PRESENTATION OF INTERIM INFORMATION (Policies)
Notes Tables
Notes Details

DEBT AND OTHER LONG-TERM OBLIGATIONS (Details)

v3.22.2

DEBT AND OTHER LONG-TERM OBLIGATIONS (Details)			3 Months Ended
DEBT AND OTHER LONG-TERM OBLIGATIONS (Details)	Jan. 31, 2022 USD ($)	Nov. 29, 2021 USD ($) installment item	May 31, 2022 home item
Debt Instrument [Line Items]
Number of Single Family Homes Being Constructed \| item			3
Number of Single Family Rental Houses Construction Contracted \| home			10
Line of Credit [Member]
Debt Instrument [Line Items]
Effective interest rate			4.50%
Floor interest rate	3.75%
Line of Credit Facility, Maximum Borrowing Capacity	$ 5,000,000.0
Debt Instrument, Term	2 years
Debt Instrument , Percentage of Default Interest Rate	2.00%
Single-Family Rental Home Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 1,000,000.0
Effective interest rate			4.25%
Floor interest rate		3.75%
Ceiling interest rate		4.25%
Additional interest rate		2.00%
Number of interest only payments \| installment		6
Number of principal and interest payments \| installment		53
Periodic interest and principal payments		$ 4,633.05
Balloon payment		$ 916,239.49
Single family rental homes secured for debt \| item		3
Debt service coverage ratio		1.10
Prime Rate [Member] \| Line of Credit [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Prime Rate [Member] \| Single-Family Rental Home Notes [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%

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Ceiling interest rate on a debt instrument.

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- Definition

The number of single family homes being constructed by the Company at the Sky Ranch Master Planned Community that will be owned, maintained and rented to qualified renters.

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Face (par) amount of debt instrument at time of issuance.

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Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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