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Integrated Cyber Solutions (XCNQ:ICS) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Sep. 2023)


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What is Integrated Cyber Solutions Long-Term Capital Lease Obligation?

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


Integrated Cyber Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Integrated Cyber Solutions'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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Integrated Cyber Solutions Long-Term Capital Lease Obligation Chart

Integrated Cyber Solutions Annual Data
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Integrated Cyber Solutions  (XCNQ:ICS) 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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Integrated Cyber Solutions (XCNQ:ICS) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1 Stiles Road, Salem, NH, USA, 03079
Integrated Cyber Solutions Inc delivers cyber services to small-to-medium businesses by integrating various third-party security service providers into the IC360 operating system. In addition to providing key cybersecurity services, Integrated Cyber correlates information across multiple siloed platforms in their customers' environments to help them understand and manage their environments with simple, understandable, and actionable insights. The company emphasizes the human side of cybersecurity management, simplifying cyber concepts, and focusing on the critical role employee behavior plays in a company's cyber defenses. Its services include Vulnerability Management, MDR/XDR, and Cyber Training and awareness.

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