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Toggle3D.ai (Toggle3D.ai) Long-Term Capital Lease Obligation : $0.00 Mil (As of Oct. 2023)


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What is Toggle3D.ai Long-Term Capital Lease Obligation?

Toggle3D.ai's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.00 Mil.


Toggle3D.ai Long-Term Capital Lease Obligation Historical Data

The historical data trend for Toggle3D.ai'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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Toggle3D.ai Long-Term Capital Lease Obligation Chart

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Toggle3D.ai  (OTCPK:TGGLF) 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.

Toggle3D.ai Long-Term Capital Lease Obligation Related Terms

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Toggle3D.ai (Toggle3D.ai) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Toggle3D.ai (OTCPK:TGGLF) » Definitions » Long-Term Capital Lease Obligation
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Toronto RPO Royal Bank Plaza, PO Box 64039, Toronto, ON, CAN, M5J 2T6
Toggle3D.ai is an AR-enhanced standalone web application that enables product designers, 3D artists, marketing professionals and eCommerce site owners to create, customize and publish high-quality 3D models and experiences without any technical or 3D design knowledge required. The Company believes that Toggle3D is the first platform of its kind, and this breakthrough SaaS product is a potential game changer for the manufacturing and design industry, as it provides a viable solution to convert large CAD files into lightweight 3D models at affordable prices and at scale.