BEACN Wizardry & Magic (TSXV:BECN) Long-Term Capital Lease Obligation : C$0.04 Mil (As of Sep. 2023)

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What is BEACN Wizardry & Magic Long-Term Capital Lease Obligation?

BEACN Wizardry & Magic's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.04 Mil.

BEACN Wizardry & Magic's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2023 (C$0.04 Mil) to Jun. 2023 (C$0.04 Mil) and stayed the same from Jun. 2023 (C$0.04 Mil) to Sep. 2023 (C$0.04 Mil).

BEACN Wizardry & Magic's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2020 (C$0.00 Mil) to Dec. 2021 (C$0.00 Mil) but then increased from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.04 Mil).

BEACN Wizardry & Magic Long-Term Capital Lease Obligation Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic Long-Term Capital Lease Obligation Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.04

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.05	0.04	0.04	0.04	0.04

BEACN Wizardry & Magic (TSXV:BECN) 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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BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9

Website

BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.

Executives

Craig David Fraser

Director, Senior Officer