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Syntheia (XCNQ:SYAI) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jun. 2024)


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What is Syntheia Long-Term Capital Lease Obligation?

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

Syntheia's annual Long-Term Capital Lease Obligation stayed the same from . 20 (C$0.00 Mil) to Sep. 2022 (C$0.00 Mil) but then increased from Sep. 2022 (C$0.00 Mil) to Sep. 2023 (C$0.07 Mil).


Syntheia Long-Term Capital Lease Obligation Historical Data

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

Syntheia Annual Data
Trend Sep22 Sep23
Long-Term Capital Lease Obligation
- 0.07

Syntheia Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 0.07 - - -

Syntheia  (XCNQ:SYAI) 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.

Syntheia Long-Term Capital Lease Obligation Related Terms

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Syntheia Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Syntheia Corp (XCNQ:SYAI) » Definitions » Long-Term Capital Lease Obligation
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Address
217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2
Syntheia Corp is an artificial intelligence technology company that is developing and commercializing proprietary algorithms to deliver human-like conversations. The company's SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally. The solution provided by the company has applications in various businesses such as automotive dealerships, law firms, real estate offices, doctor's clinics, and others where its AI solution can automate essential tasks.

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