NetCents Technology (XCNQ:NC) Long-Term Capital Lease Obligation : C$1.26 Mil (As of Jul. 2020)

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What is NetCents Technology Long-Term Capital Lease Obligation?

NetCents Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2020 was C$1.26 Mil.

NetCents Technology's quarterly Long-Term Capital Lease Obligation declined from Jan. 2020 (C$1.41 Mil) to Apr. 2020 (C$1.33 Mil) and declined from Apr. 2020 (C$1.33 Mil) to Jul. 2020 (C$1.26 Mil).

NetCents Technology Long-Term Capital Lease Obligation Historical Data

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

NetCents Technology Annual Data

Trend

Oct15

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Long-Term Capital Lease Obligation

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	1.41	1.33	1.26

NetCents Technology (XCNQ:NC) 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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NetCents Technology (XCNQ:NC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » Long-Term Capital Lease Obligation

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Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.