Aisix Solutions (TSXV:AISX) Long-Term Capital Lease Obligation : C$0.11 Mil (As of Dec. 2023)

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What is Aisix Solutions Long-Term Capital Lease Obligation?

Aisix Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.11 Mil.

Aisix Solutions's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.13 Mil) to Sep. 2023 (C$0.11 Mil) and declined from Sep. 2023 (C$0.11 Mil) to Dec. 2023 (C$0.11 Mil).

Aisix Solutions's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.14 Mil) but then declined from Dec. 2022 (C$0.14 Mil) to Dec. 2023 (C$0.11 Mil).

Aisix Solutions Long-Term Capital Lease Obligation Historical Data

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

Aisix Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.05

0.01

0.14

0.11

Aisix Solutions 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															0.14	0.14	0.13	0.11	0.11

Aisix Solutions (TSXV:AISX) 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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Aisix Solutions (TSXV:AISX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aisix Solutions Inc (TSXV:AISX) » Definitions » Long-Term Capital Lease Obligation

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AISXF:USA

Address

1166 Alberni Street, Suite 810, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.minervaintelligence.com

Aisix Solutions Inc Formerly Minerva Intelligence Inc is engaged in developing and marketing AI software products to various industries with technical and scientific data. Its AI Platform combines human domain expertise with information from public and private databases in a cognitive computer reasoning system to carry out complex tasks faster. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States.

Executives

Mihalis Belantis

Senior Officer

Aisix Solutions (TSXV:AISX) Headlines

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