Total Telcom (TSXV:TTZ) Long-Term Capital Lease Obligation : C$0.04 Mil (As of Dec. 2023)

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What is Total Telcom Long-Term Capital Lease Obligation?

Total Telcom's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil.

Total Telcom's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.05 Mil) to Sep. 2023 (C$0.04 Mil) and declined from Sep. 2023 (C$0.04 Mil) to Dec. 2023 (C$0.04 Mil).

Total Telcom's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (C$0.18 Mil) to Jun. 2022 (C$0.13 Mil) and declined from Jun. 2022 (C$0.13 Mil) to Jun. 2023 (C$0.05 Mil).

Total Telcom Long-Term Capital Lease Obligation Historical Data

The historical data trend for Total Telcom'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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Total Telcom Long-Term Capital Lease Obligation Chart

Total Telcom Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.22

0.18

0.13

0.05

Total Telcom 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															0.08	0.06	0.05	0.04	0.04

Total Telcom (TSXV:TTZ) 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.

Total Telcom Long-Term Capital Lease Obligation Related Terms

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Total Telcom (TSXV:TTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Total Telcom Inc (TSXV:TTZ) » Definitions » Long-Term Capital Lease Obligation

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TTLTF:USA

Address

1632 Dickson Avenue, Suite 540, Kelowna, BC, CAN, V1Y 7T2

Website

http://www.totaltelcom.com

Total Telcom Inc along with its subsidiaries is engaged in the development and sale of remote asset monitoring and tracking products and services. Geographically, the company derives a majority of revenue from the United States and also has a presence in Canada, and other countries.

Executives

Scott Allen

Director

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