Victory Square Technologies (Victory Square Technologies) Long-Term Capital Lease Obligation

: $0.00 Mil (As of Sep. 2023)

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Victory Square Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Victory Square Technologies's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.17 Mil) to Mar. 2023 ($0.15 Mil) and declined from Mar. 2023 ($0.15 Mil) to Sep. 2023 ($0.00 Mil).

Victory Square Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.36 Mil) but then declined from Dec. 2021 ($0.36 Mil) to Dec. 2022 ($0.17 Mil).

Victory Square Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Victory Square 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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Victory Square Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.19

0.36

0.17

Victory Square Technologies Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.28	0.23	0.17	0.15	-

Victory Square Technologies (OTCPK:VSQTF) 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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Victory Square Technologies (Victory Square Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Victory Square Technologies Inc (OTCPK:VSQTF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

6F6:Germany VST:Canada

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.victorysquare.com

Victory Square Technologies Inc is focused on investing in disruptive innovation builds, acquires, and invests in startups, then provides the senior leadership and resources needed for fast-track growth. Victory Square provides investors with a liquid way to invest in early-stage technology and healthcare companies without buying a venture fund that requires accredited investor status or multi-year commitments. The firm's corporate portfolio consists of companies using Artificial intelligence (AI), Virtual reality (VR), Augmented reality (AR), and blockchain to disrupt sectors as diverse as fintech, insurance, health, and gaming.