C-Comtellite Systems (TSXV:CMI) Long-Term Capital Lease Obligation : C$1.15 Mil (As of Feb. 2025)

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What is C-Comtellite Systems Long-Term Capital Lease Obligation?

C-Comtellite Systems's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was C$1.15 Mil.

C-Comtellite Systems's quarterly Long-Term Capital Lease Obligation declined from Aug. 2024 (C$1.22 Mil) to Nov. 2024 (C$1.22 Mil) and declined from Nov. 2024 (C$1.22 Mil) to Feb. 2025 (C$1.15 Mil).

C-Comtellite Systems's annual Long-Term Capital Lease Obligation stayed the same from Nov. 2022 (C$0.00 Mil) to Nov. 2023 (C$0.00 Mil) but then increased from Nov. 2023 (C$0.00 Mil) to Nov. 2024 (C$1.22 Mil).

C-Comtellite Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for C-Comtellite Systems'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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C-Comtellite Systems Long-Term Capital Lease Obligation Chart

C-Comtellite Systems Annual Data

Trend

Nov15

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Nov24

Long-Term Capital Lease Obligation

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1.22

C-Comtellite Systems Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	1.22	1.22	1.15

C-Comtellite Systems (TSXV:CMI) 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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C-Comtellite Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » C-Com Satellite Systems Inc (TSXV:CMI) » Definitions » Long-Term Capital Lease Obligation

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CYSNF:USA

Address

2574 Sheffield Road, Ottawa, ON, CAN, K1B 3V7

Website

https://www.c-comsat.com

C-Com Satellite Systems Inc. is a Canadian based company. It is engaged in the development of high quality, cost effective, satellite-based technology that allows the delivery of high-speed internet access for fixed, transportable and mobile end-users. The Company sells its satellite communications equipment to a world-wide network of authorized dealers who re-sell the systems to end-users. Geographically, the group has a business presence in Saudi Arabia, Kazakhstan, Canada, Singapore, Europe, Asia, the U.S. and other countries.

Executives

Leslie Klein	10% Security Holder, Director, Senior Officer
Bilal Awada	Senior Officer
Eliahu Tzion Fathi	Director
Ronald A. Leslie	Director
Art Slaughter	Senior Officer