Sparta Capital (TSXV:SAY) Long-Term Capital Lease Obligation : C$0.58 Mil (As of Dec. 2023)

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What is Sparta Capital Long-Term Capital Lease Obligation?

Sparta Capital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.58 Mil.

Sparta Capital's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (C$0.16 Mil) to Jun. 2023 (C$0.14 Mil) but then increased from Jun. 2023 (C$0.14 Mil) to Dec. 2023 (C$0.58 Mil).

Sparta Capital's annual Long-Term Capital Lease Obligation declined from Sep. 2020 (C$0.70 Mil) to Sep. 2021 (C$0.53 Mil) and declined from Sep. 2021 (C$0.53 Mil) to Sep. 2022 (C$0.22 Mil).

Sparta Capital Long-Term Capital Lease Obligation Historical Data

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

Sparta Capital Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Long-Term Capital Lease Obligation

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0.05

0.03

0.70

0.53

0.22

Sparta Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.22	0.18	0.16	0.14	0.58

Sparta Capital (TSXV:SAY) 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.

Sparta Capital Long-Term Capital Lease Obligation Related Terms

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Sparta Capital (TSXV:SAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sparta Capital Ltd (TSXV:SAY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

390 Bay Street, Suite 1200, Toronto, ON, CAN, M5H 2Y2

Website

https://www.spartagroup.ca

Sparta Capital Ltd is a Canada-based company focused on product development, manufacturing, distribution, sales, and service across a range of complementary products. The company's business segments include Illumineris; Re-Eco and Sparta. It generates maximum revenue from the Re-Eco Electronic segment.

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