Kontrol Technologies (NEOE:KNR) Long-Term Capital Lease Obligation : C$0.45 Mil (As of Dec. 2023)

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What is Kontrol Technologies Long-Term Capital Lease Obligation?

Kontrol Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.45 Mil.

Kontrol Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.54 Mil) to Sep. 2023 (C$0.49 Mil) and declined from Sep. 2023 (C$0.49 Mil) to Dec. 2023 (C$0.45 Mil).

Kontrol Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.50 Mil) to Dec. 2022 (C$0.69 Mil) but then declined from Dec. 2022 (C$0.69 Mil) to Dec. 2023 (C$0.45 Mil).

Kontrol Technologies Long-Term Capital Lease Obligation Historical Data

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

Kontrol Technologies Annual Data

Trend

Aug14

Aug15

Dec16

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Dec18

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Dec20

Dec21

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Dec23

Long-Term Capital Lease Obligation

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0.66

0.54

0.50

0.69

0.45

Kontrol Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.69	0.63	0.54	0.49	0.45

Kontrol Technologies (NEOE:KNR) 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.

Kontrol Technologies Long-Term Capital Lease Obligation Related Terms

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Kontrol Technologies (NEOE:KNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kontrol Technologies Corp (NEOE:KNR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KNRLF:USA 1K8:Germany

Address

11 Cidermill Avenue, Unit 211, Concord, ON, CAN, L4K 4B6

Website

https://www.kontrolcorp.com

Kontrol Technologies Corp is a provider of energy efficiency solutions to commercial energy consumers. Kontrol's market-based energy solutions are designed to reduce its customer's overall cost of energy while providing a corresponding reduction in Green House Gas (GHG) emissions. The Company operates in a single segment of the provision of energy compliance and consulting services. The company's geographical segments are the United States and Canada.

Executives

Kontrol Technologies Corp.

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