Tiny (TSXV:TINY) Long-Term Capital Lease Obligation : C$0.3 Mil (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Tiny Long-Term Capital Lease Obligation?

Tiny's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.3 Mil.

Tiny's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (C$0.0 Mil) to Sep. 2023 (C$0.7 Mil) but then declined from Sep. 2023 (C$0.7 Mil) to Dec. 2023 (C$0.3 Mil).

Tiny's annual Long-Term Capital Lease Obligation increased from . 20 (C$0.0 Mil) to Dec. 2022 (C$1.0 Mil) but then declined from Dec. 2022 (C$1.0 Mil) to Dec. 2023 (C$0.3 Mil).

Tiny Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tiny'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.

Tiny Long-Term Capital Lease Obligation Chart

Tiny Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

0.95

0.26

Tiny Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.95	-	-	0.67	0.26

Tiny (TSXV:TINY) 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.

Tiny Long-Term Capital Lease Obligation Related Terms

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

Tiny (TSXV:TINY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tiny Ltd (TSXV:TINY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TNYZF:USA I0B:Germany

Address

400 - 1152 Mainland Street, Vancouver, BC, CAN, V6B 4X2

Website

https://www.tiny.com

Tiny Ltd operates as a technology holding company with a strategy of acquiring majority stakes in businesses. Tiny has two core business segments, Beam and Dribbble, with other standalone businesses including a private equity investment fund.

Executives

Andrew David Charles Wilkinson

10% Security Holder, Director, Senior Officer