Thinkific Labs (TSX:THNC) Long-Term Capital Lease Obligation : C$0.46 Mil (As of Mar. 2024)

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What is Thinkific Labs Long-Term Capital Lease Obligation?

Thinkific Labs's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.46 Mil.

Thinkific Labs's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$0.82 Mil) to Dec. 2023 (C$0.64 Mil) and declined from Dec. 2023 (C$0.64 Mil) to Mar. 2024 (C$0.46 Mil).

Thinkific Labs's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.46 Mil) to Dec. 2022 (C$2.05 Mil) but then declined from Dec. 2022 (C$2.05 Mil) to Dec. 2023 (C$0.64 Mil).

Thinkific Labs Long-Term Capital Lease Obligation Historical Data

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

Thinkific Labs Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.99

1.11

0.46

2.05

0.64

Thinkific Labs Quarterly Data
	Dec18	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														1.21	1.01	0.82	0.64	0.46

Thinkific Labs (TSX:THNC) 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.

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Thinkific Labs (TSX:THNC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinkific Labs Inc (TSX:THNC) » Definitions » Long-Term Capital Lease Obligation

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THNCF:USA 5S0:Germany

Address

369 Terminal Ave, Suite 400, Vancouver, BC, CAN, V6A 4C4

Website

https://www.thinkific.com

Thinkific Labs Inc is a cloud-based software platform. The Company's primary business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching what they know. The Company's platform provides its Creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites, and other experiences that our Creators can create, sell and deliver using the Company's Platform.

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