Tribe Property Technologies (TSXV:TRBE) Long-Term Capital Lease Obligation : C$3.11 Mil (As of Dec. 2023)

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What is Tribe Property Technologies Long-Term Capital Lease Obligation?

Tribe Property Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.11 Mil.

Tribe Property Technologies's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$2.81 Mil) and increased from Sep. 2023 (C$2.81 Mil) to Dec. 2023 (C$3.11 Mil).

Tribe Property Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$2.95 Mil) to Dec. 2022 (C$3.28 Mil) but then declined from Dec. 2022 (C$3.28 Mil) to Dec. 2023 (C$3.11 Mil).

Tribe Property Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tribe Property Technologies'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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Tribe Property Technologies Long-Term Capital Lease Obligation Chart

Tribe Property Technologies Annual Data

Trend

Apr20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.21

2.95

3.28

3.11

Tribe Property Technologies Quarterly Data
	Jan20	Apr20	Sep20	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										3.28	2.83	-	2.81	3.11

Tribe Property Technologies (TSXV:TRBE) 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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Tribe Property Technologies (TSXV:TRBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tribe Property Technologies Inc (TSXV:TRBE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TRPTF:USA

Address

1166 Alberni Street, Suite 1606, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.tribetech.com

Tribe Property Technologies Inc is a property technology company engaged in offering technology-enabled property management services to meet the needs of developers, condominium and residential communities, owners and residents. As a tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of stakeholders than traditional service providers. The company's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform.

Executives

Joseph Nakhla

10% Security Holder, Director, Senior Officer

Tribe Property Technologies (TSXV:TRBE) Headlines

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