CNTM (ConnectM Technology Solutions) Long-Term Capital Lease Obligation : $0.23 Mil (As of Sep. 2024)

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What is ConnectM Technology Solutions Long-Term Capital Lease Obligation?

ConnectM Technology Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.23 Mil.

ConnectM Technology Solutions's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($0.33 Mil) to Jun. 2024 ($0.00 Mil) but then increased from Jun. 2024 ($0.00 Mil) to Sep. 2024 ($0.23 Mil).

ConnectM Technology Solutions's annual Long-Term Capital Lease Obligation stayed the same from . 20 ($0.00 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.38 Mil).

ConnectM Technology Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for ConnectM Technology Solutions'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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ConnectM Technology Solutions Long-Term Capital Lease Obligation Chart

ConnectM Technology Solutions Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

0.38

ConnectM Technology Solutions Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.39	0.33	-	0.23

ConnectM Technology Solutions (OTCPK:CNTM) 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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ConnectM Technology Solutions Business Description

Industry

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

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Traded in Other Exchanges

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Address

2 Mount Royal Avenue, Suite 550, Marlborough, MA, USA, 01752

Website

https://www.connectm.com

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.