Spetz (XCNQ:SPTZ) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Spetz Long-Term Capital Lease Obligation?

Spetz's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Spetz's annual Long-Term Capital Lease Obligation increased from Jan. 2021 (C$0.00 Mil) to Jan. 2022 (C$0.05 Mil) but then declined from Jan. 2022 (C$0.05 Mil) to Dec. 2023 (C$0.00 Mil).

Spetz Long-Term Capital Lease Obligation Historical Data

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

Spetz Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Dec23

Long-Term Capital Lease Obligation

0.05

Spetz Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Spetz (XCNQ:SPTZ) 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.

Spetz Long-Term Capital Lease Obligation Related Terms

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Spetz (XCNQ:SPTZ) Business Description

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

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DBKSF:USA

Address

200 Cochrane Drive, Unit 1A, Markham, ON, CAN, L3R 8E7

Website

https://www.spetz.app

Spetz Inc is a technology company that primarily operates Spetz, a global online, AIpowered marketplace platform that dynamically connects consumers to nearby top-rated service providers in as little as 30 seconds. Spetz currently operates in the United States, United Kingdom, Australia and Israel. The Company has launched two Spetz applications for both sides of the market; one for consumers and one for service providers (collectively the Spetz App). The Spetz App is available for download on the iOS App Store and Google Play Store.

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