Xtract One Technologies (Xtract One Technologies) Long-Term Capital Lease Obligation : $0.05 Mil (As of Jan. 2024)

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What is Xtract One Technologies Long-Term Capital Lease Obligation?

Xtract One Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.05 Mil.

Xtract One Technologies's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($0.09 Mil) to Oct. 2023 ($0.07 Mil) and declined from Oct. 2023 ($0.07 Mil) to Jan. 2024 ($0.05 Mil).

Xtract One Technologies's annual Long-Term Capital Lease Obligation declined from Jul. 2021 ($0.54 Mil) to Jul. 2022 ($0.28 Mil) and declined from Jul. 2022 ($0.28 Mil) to Jul. 2023 ($0.09 Mil).

Xtract One Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Xtract One 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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Xtract One Technologies Long-Term Capital Lease Obligation Chart

Xtract One Technologies Annual Data

Trend

May14

May15

May16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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0.44

0.54

0.28

0.09

Xtract One Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.14	0.11	0.09	0.07	0.05

Xtract One Technologies (OTCPK:XTRAF) 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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Xtract One Technologies (Xtract One Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xtract One Technologies Inc (OTCPK:XTRAF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0PL:Germany XTRA:Canada

Address

257 Adelaide Street West, Suite 400, Toronto, ON, CAN, M5H 1X9

Website

https://www.xtractone.com

Xtract One Technologies Inc is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The principal business of the Company is the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution, referred to as the Platform, with the aim of enhancing public health and safety. The company makes unobtrusive threat detection systems that enable venue-building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One's innovative multi-sensor gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic.