Ztest Electronics (Ztest Electronics) Long-Term Capital Lease Obligation : $0.14 Mil (As of Mar. 2024)

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What is Ztest Electronics Long-Term Capital Lease Obligation?

Ztest Electronics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.14 Mil.

Ztest Electronics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.20 Mil) to Dec. 2023 ($0.17 Mil) and declined from Dec. 2023 ($0.17 Mil) to Mar. 2024 ($0.14 Mil).

Ztest Electronics's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($0.53 Mil) to Jun. 2022 ($0.38 Mil) and declined from Jun. 2022 ($0.38 Mil) to Jun. 2023 ($0.24 Mil).

Ztest Electronics Long-Term Capital Lease Obligation Historical Data

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

Ztest Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.53

0.38

0.24

Ztest Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.26	0.24	0.20	0.17	0.14

Ztest Electronics (OTCPK:ZTSTF) 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.

Ztest Electronics Long-Term Capital Lease Obligation Related Terms

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Ztest Electronics (Ztest Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ztest Electronics Inc (OTCPK:ZTSTF) » Definitions » Long-Term Capital Lease Obligation

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ZTE:Canada

Address

523 McNicoll Avenue, North York, Toronto, ON, CAN, M2H 2C9

Website

https://www.ztest.com

Ztest Electronics Inc is a Canada-based company. It is involved in the designing, developing, and assembling printed circuit boards and other electronic equipment. Geographically, the company operates in Canada only.