Nerds On Site (XCNQ:NERD) Long-Term Capital Lease Obligation : C$0.12 Mil (As of Feb. 2024)

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What is Nerds On Site Long-Term Capital Lease Obligation?

Nerds On Site's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.12 Mil.

Nerds On Site's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (C$0.13 Mil) to Nov. 2023 (C$0.13 Mil) and declined from Nov. 2023 (C$0.13 Mil) to Feb. 2024 (C$0.12 Mil).

Nerds On Site's annual Long-Term Capital Lease Obligation declined from May. 2021 (C$0.17 Mil) to May. 2022 (C$0.15 Mil) and declined from May. 2022 (C$0.15 Mil) to May. 2023 (C$0.14 Mil).

Nerds On Site Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nerds On Site'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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Nerds On Site Long-Term Capital Lease Obligation Chart

Nerds On Site Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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0.19

0.17

0.15

0.14

Nerds On Site Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.14	0.14	0.13	0.13	0.12

Nerds On Site (XCNQ:NERD) 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.

Nerds On Site Long-Term Capital Lease Obligation Related Terms

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Nerds On Site (XCNQ:NERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nerds On Site Inc (XCNQ:NERD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NOSUF:USA 3NS:Germany

Address

4026 Meadowbrook Drive, Unit 120-121, London, ON, CAN, N6L 1C7

Website

https://www.nerdsonsite.com

Nerds On Site Inc provides mobile information technology (IT) support for small to medium-sized enterprises. Its services include computer set-up, network installation, tailored software services, and IT support. The company offers business solutions and residential services. The corporation oversees and retains a network of technically proficient and specially trained independent IT consultants (Consultants) to help clients by providing on-site, effective, consistent, and customized IT solutions. Its revenue is principally derived from service fees charged for consulting services performed by the consultants and the sale of off-the-shelf software, hardware, and related support.

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