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Zonetail (TSXV:ZONE) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2023)


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What is Zonetail Long-Term Capital Lease Obligation?

Zonetail's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil.


Zonetail Long-Term Capital Lease Obligation Historical Data

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

Zonetail Annual Data
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Long-Term Capital Lease Obligation
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Zonetail Quarterly Data
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Zonetail  (TSXV:ZONE) 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.

Zonetail Long-Term Capital Lease Obligation Related Terms

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Zonetail (TSXV:ZONE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Zonetail Inc (TSXV:ZONE) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
Address
20 Dalhousie Street, Toronto, ON, CAN, M5B 2A5
Zonetail Inc is a mobile platform and market network. Its mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Its Vision is to build a critical mass of users in the hard-to-reach, high-rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. It is the search engine to optimizes the home. Zonetail is partnered with Yardi, Shiftsuite, and now MRI Software which together account for an estimated 50 million households across North America.
Executives
Mark William Holmes Director, Senior Officer

Zonetail (TSXV:ZONE) Headlines