Turnium Technology Group (TSXV:TTGI) Long-Term Capital Lease Obligation : C$0.14 Mil (As of Mar. 2025)

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What is Turnium Technology Group Long-Term Capital Lease Obligation?

Turnium Technology Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$0.14 Mil.

Turnium Technology Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (C$0.28 Mil) to Dec. 2024 (C$0.24 Mil) and declined from Dec. 2024 (C$0.24 Mil) to Mar. 2025 (C$0.14 Mil).

Turnium Technology Group's annual Long-Term Capital Lease Obligation declined from Sep. 2022 (C$0.60 Mil) to Sep. 2023 (C$0.55 Mil) and declined from Sep. 2023 (C$0.55 Mil) to Sep. 2024 (C$0.28 Mil).

Turnium Technology Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Turnium Technology Group'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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Turnium Technology Group Long-Term Capital Lease Obligation Chart

Turnium Technology Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

0.02

0.60

0.55

0.28

Turnium Technology Group Quarterly Data
	Sep20	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													0.35	0.32	0.28	0.24	0.14

Turnium Technology Group (TSXV:TTGI) 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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Turnium Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Turnium Technology Group Inc (TSXV:TTGI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

E48:Germany

Address

3355 Grandview Highway, Vancouver, BC, CAN, V5M 1Z5

Website

https://www.turnium.com

Turnium Technology Group Inc invests in companies that are creating software-defined networks for service providers, enterprises, and small-medium business. The company deliver its software-defined wide area networking solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service. The Company's operations consist of two operating and reportable segments being Tenacious Networks Inc and Turnium Network Solutions Inc.

Executives

Ralph Garcea	Director
Johan Arnet	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder
Peter Green	Director

Turnium Technology Group Headlines

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