Nextgen Digital Platforms (XCNQ:NXT) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Dec. 2024)

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What is Nextgen Digital Platforms Long-Term Capital Lease Obligation?

Nextgen Digital Platforms's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil.

Nextgen Digital Platforms Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nextgen Digital Platforms'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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Nextgen Digital Platforms Long-Term Capital Lease Obligation Chart

Nextgen Digital Platforms Annual Data

Trend

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Long-Term Capital Lease Obligation

Nextgen Digital Platforms Quarterly Data
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Nextgen Digital Platforms (XCNQ:NXT) 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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Nextgen Digital Platforms Business Description

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NXTDF:USA Z12:Germany

Address

70 Trius Drive, Second Floor, Fredericton, NB, CAN, E3B 5E3

Website

https://www.nextgendigital.ca

Nextgen Digital Platforms Inc develops and acquires revenue-generating micro-technology digital platforms. It is developing a line of business referred to as Cloud AI Hosting (Cloud AI Hosting), a hardware-as-a-service business whereby the computing power of NextGen's specialized hardware workstations are leased to third-party end users for artificial intelligence applications, via a cloud-based portal.

Executives