Pulse Seismic (TSX:PSD) Long-Term Capital Lease Obligation : C$0.21 Mil (As of Mar. 2024)

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What is Pulse Seismic Long-Term Capital Lease Obligation?

Pulse Seismic's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.21 Mil.

Pulse Seismic's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.24 Mil) to Dec. 2023 (C$0.20 Mil) but then increased from Dec. 2023 (C$0.20 Mil) to Mar. 2024 (C$0.21 Mil).

Pulse Seismic's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.02 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.20 Mil).

Pulse Seismic Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pulse Seismic'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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Pulse Seismic Long-Term Capital Lease Obligation Chart

Pulse Seismic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.25

0.54

0.02

0.20

Pulse Seismic Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.28	0.24	0.20	0.21

Pulse Seismic (TSX:PSD) 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.

Pulse Seismic Long-Term Capital Lease Obligation Related Terms

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Pulse Seismic (TSX:PSD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pulse Seismic Inc (TSX:PSD) » Definitions » Long-Term Capital Lease Obligation

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PLSDF:USA

Address

421 - 7th Avenue South West, Suite 2700, Calgary, AB, CAN, T2P 4K9

Website

https://www.pulseseismic.com

Pulse Seismic Inc is a Canadian company which acts as a provider of seismic data to the energy sector in western Canada. The company is engaged in the acquisition, marketing, and licensing of 2D and 3D seismic data to the energy sector. It offers the full suite of project management services including On-site professional project management, experienced cost estimation services, daily reporting to clients and detailed project cost tracking, procurement of subcontractors to ensure regulatory compliance, and others.

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