Icarus Capital (TSXV:ICRS) Long-Term Capital Lease Obligation : C$0.27 Mil (As of Mar. 2024)

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What is Icarus Capital Long-Term Capital Lease Obligation?

Icarus Capital's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.27 Mil.

Icarus Capital's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.01 Mil) to Dec. 2023 (C$0.29 Mil) but then declined from Dec. 2023 (C$0.29 Mil) to Mar. 2024 (C$0.27 Mil).

Icarus Capital's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (C$0.00 Mil) to Dec. 2022 (C$0.00 Mil) but then increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.29 Mil).

Icarus Capital Long-Term Capital Lease Obligation Historical Data

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

Icarus Capital Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.29

Icarus Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	0.01	0.29	0.27

Icarus Capital (TSXV:ICRS) 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.

Icarus Capital Long-Term Capital Lease Obligation Related Terms

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Icarus Capital (TSXV:ICRS) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Icarus Capital Corp (TSXV:ICRS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 120 No. 2 Road, Suite 186, Richmond, BC, CAN, V7C 5J8

Website

Icarus Capital Corp is a capital pool company.

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