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SING (SinglePoint) Long-Term Capital Lease Obligation : $0.84 Mil (As of Jun. 2024)


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What is SinglePoint Long-Term Capital Lease Obligation?

SinglePoint's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.84 Mil.

SinglePoint's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($1.05 Mil) to Mar. 2024 ($0.95 Mil) and declined from Mar. 2024 ($0.95 Mil) to Jun. 2024 ($0.84 Mil).

SinglePoint's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.01 Mil) to Dec. 2022 ($1.04 Mil) and increased from Dec. 2022 ($1.04 Mil) to Dec. 2023 ($1.05 Mil).


SinglePoint Long-Term Capital Lease Obligation Historical Data

The historical data trend for SinglePoint'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.

* Premium members only.

SinglePoint Long-Term Capital Lease Obligation Chart

SinglePoint Annual Data
Trend Oct08 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only 0.10 0.05 0.01 1.04 1.05

SinglePoint Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 1.06 1.05 0.95 0.84

SinglePoint  (OTCPK:SING) 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.

SinglePoint Long-Term Capital Lease Obligation Related Terms

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SinglePoint Business Description

Industry
Traded in Other Exchanges
N/A
Address
3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016
SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. Its primary focus is sustainability by providing an integrated solar energy solution for the customers and clean environment solutions through its air purification business. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.
Executives
Greg Paul Lambrecht director, 10 percent owner, officer: CEO 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Jeffrey Allen Nomura director 5012 BEACH DR SW, SEATTLE WA 98136
Eric Lofdahl director 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Wil Ralston director, officer: President 3920 E THOMAS ROAD, #97292, PHOENIX AZ 85060
Venugopal Aravamudan director 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Hans J Schulte director, 10 percent owner, officer: President 2300 E SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102
Ivan Braverman director, 10 percent owner, officer: Chief Financial Officer 1255 MCDONALD DRIVE, PRESCOTT AZ 86303
Prabaharan Subramaniam director, 10 percent owner, officer: CHIEF TECHNOLOGY OFFICER 2300 E. SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102