Bitfarms (STU:1B2) Long-Term Capital Lease Obligation : €11.2 Mil (As of Mar. 2024)

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What is Bitfarms Long-Term Capital Lease Obligation?

Bitfarms's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €11.2 Mil.

Bitfarms's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€12.3 Mil) to Dec. 2023 (€11.9 Mil) and declined from Dec. 2023 (€11.9 Mil) to Mar. 2024 (€11.2 Mil).

Bitfarms's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€8.2 Mil) to Dec. 2022 (€13.4 Mil) but then declined from Dec. 2022 (€13.4 Mil) to Dec. 2023 (€11.9 Mil).

Bitfarms Long-Term Capital Lease Obligation Historical Data

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

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.15

6.08

8.17

13.42

11.92

Bitfarms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															12.64	12.11	12.34	11.92	11.21

Bitfarms (STU:1B2) 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.

Bitfarms Long-Term Capital Lease Obligation Related Terms

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Bitfarms (STU:1B2) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (STU:1B2) » Definitions » Long-Term Capital Lease Obligation

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BITF:USA BITF:Canada

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.bitfarms.com

Bitfarms Ltd is a publicly traded Bitcoin company. It develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The company's proprietary data analytics system delivers best-in-class operational performance and uptime. The group has around 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. It is Powered by predominantly environmentally friendly hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.

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