NTG Clarity Networks (TSXV:NCI) Long-Term Capital Lease Obligation : C$0.19 Mil (As of Mar. 2025)

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What is NTG Clarity Networks Long-Term Capital Lease Obligation?

NTG Clarity Networks's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$0.19 Mil.

NTG Clarity Networks's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (C$0.04 Mil) to Dec. 2024 (C$0.19 Mil) but then stayed the same from Dec. 2024 (C$0.19 Mil) to Mar. 2025 (C$0.19 Mil).

NTG Clarity Networks's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (C$0.00 Mil) to Dec. 2023 (C$0.04 Mil) and increased from Dec. 2023 (C$0.04 Mil) to Dec. 2024 (C$0.19 Mil).

NTG Clarity Networks Long-Term Capital Lease Obligation Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks Long-Term Capital Lease Obligation Chart

NTG Clarity Networks Annual Data

Trend

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.04

0.19

NTG Clarity Networks Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	0.04	0.04	0.19	0.19

NTG Clarity Networks (TSXV:NCI) 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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NTG Clarity Networks Business Description

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NYWKF:USA

Address

2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9

Website

https://www.ntgclarity.com

NTG Clarity Networks Inc provides digital transformation solutions: software development outsourcing, and software products. The group provides engineering, Information Technology, networking services, and develops niche software products for telecommunications and utilities. It also expanded into the financial and government sectors, providing technical resources and products to assist customers with projects that include digital transformation. The company has two operating segments: NTG Canada and NTG Egypt. The company generates the majority of its revenue from the NTG Canada segment.

Executives