AMPD Ventures (AMPD Ventures) Long-Term Capital Lease Obligation : $0.94 Mil (As of Feb. 2023)

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What is AMPD Ventures Long-Term Capital Lease Obligation?

AMPD Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2023 was $0.94 Mil.

AMPD Ventures's quarterly Long-Term Capital Lease Obligation increased from Aug. 2022 ($0.75 Mil) to Nov. 2022 ($0.86 Mil) and increased from Nov. 2022 ($0.86 Mil) to Feb. 2023 ($0.94 Mil).

AMPD Ventures's annual Long-Term Capital Lease Obligation increased from May. 2019 ($0.00 Mil) to May. 2020 ($0.23 Mil) but then declined from May. 2020 ($0.23 Mil) to May. 2021 ($0.07 Mil).

AMPD Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for AMPD Ventures'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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AMPD Ventures Long-Term Capital Lease Obligation Chart

AMPD Ventures Annual Data

Trend

May18

May19

May20

May21

Long-Term Capital Lease Obligation

0.23

0.07

AMPD Ventures Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	Aug22	Nov22	Feb23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														-	0.41	0.75	0.86	0.94

AMPD Ventures (OTCPK:AMPDF) 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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AMPD Ventures (AMPD Ventures) Business Description

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Address

577 Great Northern Way, Suite 210, Vancouver, BC, CAN, V5T 1E1

Website

https://www.ampd.ventures

AMPD Ventures Inc is specialized in providing high-performance cloud and compute solutions for low-latency applications including video games and eSports, digital animation and visual effects, and big data collection, analysis, and visualization. Geographically, it derives a majority of revenue from Canada.