Black Diamond Group (Black Diamond Group) Long-Term Capital Lease Obligation : $9.8 Mil (As of Dec. 2023)

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What is Black Diamond Group Long-Term Capital Lease Obligation?

Black Diamond Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.8 Mil.

Black Diamond Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($10.6 Mil) to Sep. 2023 ($9.6 Mil) but then increased from Sep. 2023 ($9.6 Mil) to Dec. 2023 ($9.8 Mil).

Black Diamond Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($13.9 Mil) to Dec. 2022 ($11.4 Mil) and declined from Dec. 2022 ($11.4 Mil) to Dec. 2023 ($9.8 Mil).

Black Diamond Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Black Diamond Group'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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Black Diamond Group Long-Term Capital Lease Obligation Chart

Black Diamond Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.21

14.23

13.88

11.35

9.84

Black Diamond Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.35	11.09	10.62	9.58	9.84

Black Diamond Group (OTCPK:BDIMF) 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.

Black Diamond Group Long-Term Capital Lease Obligation Related Terms

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Black Diamond Group (Black Diamond Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Black Diamond Group Ltd (OTCPK:BDIMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

8B8:Germany BDI:Canada

Address

440-2nd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 5E9

Website

https://www.blackdiamondgroup.com

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. It has two business units: Modular Space Solutions and Workforce Solutions. Modular Space Solutions provides high quality, cost effective, modular space rentals to customers. The customers operate in the construction, real estate development, education, manufacturing, health care, financial, government and defense industries. Workforce Solutions provides complete workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the Company's online digital marketplace, LodgeLink.