Alphinat (Alphinat) Long-Term Capital Lease Obligation : $0.00 Mil (As of May. 2023)

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What is Alphinat Long-Term Capital Lease Obligation?

Alphinat's Long-Term Capital Lease Obligation for the quarter that ended in May. 2023 was $0.00 Mil.

Alphinat's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 ($0.03 Mil) to Feb. 2023 ($0.02 Mil) and declined from Feb. 2023 ($0.02 Mil) to May. 2023 ($0.00 Mil).

Alphinat's annual Long-Term Capital Lease Obligation declined from Aug. 2020 ($0.17 Mil) to Aug. 2021 ($0.12 Mil) and declined from Aug. 2021 ($0.12 Mil) to Aug. 2022 ($0.05 Mil).

Alphinat Long-Term Capital Lease Obligation Historical Data

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

Alphinat Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Long-Term Capital Lease Obligation

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0.17

0.12

0.05

Alphinat Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.06	0.05	0.03	0.02	-

Alphinat (OTCPK:APHTF) 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.

Alphinat Long-Term Capital Lease Obligation Related Terms

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Alphinat (Alphinat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alphinat Inc (OTCPK:APHTF) » Definitions » Long-Term Capital Lease Obligation

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Address

2000 2000 rue Peel Street, Suite 680, Montreal, QC, CAN, H3A 2W5

Website

https://www.alphinat.com

Alphinat Inc is a software company that has developed the SmartGuide suite that allows the user to create web applications and self-service tools that automate interactions between an organization and its customers, employees, and partners. Its software suite simplifies, accelerates and improves interactions with all business constituents. The company technology provides solutions to the public sector, healthcare, telecommunications, and financial institutions. It derives the majority of its revenue from solutions provider for Public Sector Agencies. Geographically, it generates maximum revenue from Canada and also has a presence in France, the United States, and Other Countries.