SATO Technologies (TSXV:SATO) Long-Term Capital Lease Obligation : C$2.20 Mil (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is SATO Technologies Long-Term Capital Lease Obligation?

SATO Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.20 Mil.

SATO Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$2.24 Mil) to Sep. 2023 (C$2.22 Mil) and declined from Sep. 2023 (C$2.22 Mil) to Dec. 2023 (C$2.20 Mil).

SATO Technologies's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (C$0.00 Mil) to Dec. 2022 (C$2.26 Mil) but then declined from Dec. 2022 (C$2.26 Mil) to Dec. 2023 (C$2.20 Mil).

SATO Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for SATO Technologies'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.

* Premium members only.

SATO Technologies Long-Term Capital Lease Obligation Chart

SATO Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

2.26

2.20

SATO Technologies Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.26	2.20	2.24	2.22	2.20

SATO Technologies (TSXV:SATO) 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.

SATO Technologies Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of SATO Technologies's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

SATO Technologies (TSXV:SATO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SATO Technologies Corp (TSXV:SATO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CCPUF:USA

Address

66 Wellington Street West, Suite 5300, Toronto, ON, CAN, M5K 1E6

Website

https://www.bysato.com

SATO Technologies Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and others. The Group receives digital assets in return for successful service and is primarily engaged in the cryptocurrency mining industry.