TeraGo (TSX:TGO) Long-Term Capital Lease Obligation : C$9.83 Mil (As of Dec. 2023)

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What is TeraGo Long-Term Capital Lease Obligation?

TeraGo's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9.83 Mil.

TeraGo's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$9.20 Mil) to Sep. 2023 (C$10.02 Mil) but then declined from Sep. 2023 (C$10.02 Mil) to Dec. 2023 (C$9.83 Mil).

TeraGo's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$10.49 Mil) to Dec. 2022 (C$9.32 Mil) but then increased from Dec. 2022 (C$9.32 Mil) to Dec. 2023 (C$9.83 Mil).

TeraGo Long-Term Capital Lease Obligation Historical Data

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

TeraGo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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21.74

20.78

10.49

9.32

9.83

TeraGo 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															9.32	8.48	9.20	10.02	9.83

TeraGo (TSX:TGO) 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.

TeraGo Long-Term Capital Lease Obligation Related Terms

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TeraGo (TSX:TGO) Business Description

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TRAGF:USA

Address

55 Commerce Valley Drive West, Suite 800, Thornhill, ON, CAN, L3T 7V9

Website

https://www.terago.ca

TeraGo Inc provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. The company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure and reliable enterprise grade networking and connectivity services. TeraGo serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.

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