INX Digital Co (NEOE:INXD) Long-Term Capital Lease Obligation : C$0.54 Mil (As of Mar. 2024)

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What is INX Digital Co Long-Term Capital Lease Obligation?

INX Digital Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.54 Mil.

INX Digital Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.65 Mil) to Dec. 2023 (C$0.64 Mil) and declined from Dec. 2023 (C$0.64 Mil) to Mar. 2024 (C$0.54 Mil).

INX Digital Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$1.05 Mil) to Dec. 2022 (C$1.18 Mil) but then declined from Dec. 2022 (C$1.18 Mil) to Dec. 2023 (C$0.64 Mil).

INX Digital Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for INX Digital Co'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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INX Digital Co Long-Term Capital Lease Obligation Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.05

1.18

0.64

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.98	0.80	0.65	0.64	0.54

INX Digital Co (NEOE:INXD) 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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INX Digital Co (NEOE:INXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.

Executives

Shy Datika

10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

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