EpicQuest Education Group International (EpicQuest Education Group International) Long-Term Capital Lease Obligation : $0.57 Mil (As of Sep. 2023)

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What is EpicQuest Education Group International Long-Term Capital Lease Obligation?

EpicQuest Education Group International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.57 Mil.

EpicQuest Education Group International's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.56 Mil) to Mar. 2023 ($0.76 Mil) but then declined from Mar. 2023 ($0.76 Mil) to Sep. 2023 ($0.57 Mil).

EpicQuest Education Group International's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($0.46 Mil) to Sep. 2022 ($0.56 Mil) and increased from Sep. 2022 ($0.56 Mil) to Sep. 2023 ($0.57 Mil).

EpicQuest Education Group International Long-Term Capital Lease Obligation Historical Data

The historical data trend for EpicQuest Education Group International'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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EpicQuest Education Group International Long-Term Capital Lease Obligation Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.46

0.56

0.57

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.46	0.97	0.56	0.76	0.57

EpicQuest Education Group International (NAS:EEIQ) 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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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EpicQuest Education Group International Ltd (NAS:EEIQ) » Definitions » Long-Term Capital Lease Obligation

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Address

1209 North University Boulevard, Middletown, OH, USA, 45042

Website

https://www.epicquesteducation.com

EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.