NVRVF (Novra Technologies) Long-Term Capital Lease Obligation : $0.82 Mil (As of Dec. 2024)

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What is Novra Technologies Long-Term Capital Lease Obligation?

Novra Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.82 Mil.

Novra Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 ($0.96 Mil) to Sep. 2024 ($0.91 Mil) and declined from Sep. 2024 ($0.91 Mil) to Dec. 2024 ($0.82 Mil).

Novra Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.22 Mil) to Dec. 2023 ($1.08 Mil) and declined from Dec. 2023 ($1.08 Mil) to Dec. 2024 ($0.82 Mil).

Novra Technologies Long-Term Capital Lease Obligation Historical Data

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

Novra Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.31

1.13

1.22

1.08

0.82

Novra Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.08	1.02	0.96	0.91	0.82

Novra Technologies (OTCPK:NVRVF) 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.

Novra Technologies Long-Term Capital Lease Obligation Related Terms

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Novra Technologies Business Description

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NVI:Canada

Address

210 - 100 Innovation Drive, Winnipeg, MB, CAN, R3T 6G2

Website

https://www.novra.com

Novra Technologies Inc is engaged in the satellite data distribution business. It offers a comprehensive product portfolio including hardware, software, and services. In addition to its core video, radio, and data products, areas of expertise and added value include encryption and cybersecurity, next-generation hybrid networks (satellite/terrestrial/cloud), and efficient bandwidth utilization. The company is spread across the United States, which is the key revenue driver, Canada, EMEA, and APAC.

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