A2Z Smart Technologies (TSXV:AZ) Long-Term Capital Lease Obligation : C$0.55 Mil (As of Dec. 2023)

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What is A2Z Smart Technologies Long-Term Capital Lease Obligation?

A2Z Smart Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.55 Mil.

A2Z Smart Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.59 Mil) to Sep. 2023 (C$0.38 Mil) but then increased from Sep. 2023 (C$0.38 Mil) to Dec. 2023 (C$0.55 Mil).

A2Z Smart Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.19 Mil) to Dec. 2022 (C$0.82 Mil) but then declined from Dec. 2022 (C$0.82 Mil) to Dec. 2023 (C$0.55 Mil).

A2Z Smart Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for A2Z Smart 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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A2Z Smart Technologies Long-Term Capital Lease Obligation Chart

A2Z Smart Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.07

0.19

0.82

0.55

A2Z Smart Technologies 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															0.82	0.73	0.59	0.38	0.55

A2Z Smart Technologies (TSXV:AZ) 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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A2Z Smart Technologies (TSXV:AZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » A2Z Smart Technologies Corp (TSXV:AZ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AZ:USA

Address

559 Briar Hill Avenue, Toronto, ON, CAN, M5N 1N1

Website

https://www.a2zas.com

A2Z Smart Technologies Corp is a technology company in Israel providing products to the Israeli Defense and Security Forces, specializing in military unmanned robotics and state-of-the-art automation and electronics technology. The company commenced the development of two products for the automotive market. The first product is a capsule that can be placed in a fuel tank to prevent gas tank explosions. The second product under development is a vehicle cover device that will protect automobiles from extreme weather conditions while the vehicle is not in use. The company also provides maintenance services to both external and in-house complex electronic systems and products.