Business Warrior (Business Warrior) Long-Term Capital Lease Obligation : $0.04 Mil (As of Aug. 2023)

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What is Business Warrior Long-Term Capital Lease Obligation?

Business Warrior's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.04 Mil.

Business Warrior's quarterly Long-Term Capital Lease Obligation increased from Feb. 2023 ($0.05 Mil) to May. 2023 ($0.06 Mil) but then declined from May. 2023 ($0.06 Mil) to Aug. 2023 ($0.04 Mil).

Business Warrior's annual Long-Term Capital Lease Obligation declined from Aug. 2021 ($0.08 Mil) to Aug. 2022 ($0.06 Mil) and declined from Aug. 2022 ($0.06 Mil) to Aug. 2023 ($0.04 Mil).

Business Warrior Long-Term Capital Lease Obligation Historical Data

The historical data trend for Business Warrior'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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Business Warrior Long-Term Capital Lease Obligation Chart

Business Warrior Annual Data

Trend

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

0.08

0.06

0.04

Business Warrior Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.06	0.06	0.05	0.06	0.04

Business Warrior (OTCPK:BZWR) 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.

Business Warrior Long-Term Capital Lease Obligation Related Terms

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Business Warrior (Business Warrior) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Business Warrior Corp (OTCPK:BZWR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

455 E Pebble Road, No 230912, Las Vegas, NV, USA, 89123-0912

Website

https://www.businesswarrior.com

Business Warrior Corp is a software development company. The firm's software improves businesses' ability to make decisions that help to get more customers, increase revenues, obtain access to growth capital, and build a professional legacy for themselves and their families. The company's flagship software product is PayPlan which offers an end-to-end consumer financing experience.