Cathedra Bitcoin (TSXV:CBIT) Long-Term Capital Lease Obligation : C$0.20 Mil (As of Mar. 2024)

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What is Cathedra Bitcoin Long-Term Capital Lease Obligation?

Cathedra Bitcoin's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.20 Mil.

Cathedra Bitcoin's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1.14 Mil) to Dec. 2023 (C$0.63 Mil) and declined from Dec. 2023 (C$0.63 Mil) to Mar. 2024 (C$0.20 Mil).

Cathedra Bitcoin's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.45 Mil) to Dec. 2022 (C$0.33 Mil) but then increased from Dec. 2022 (C$0.33 Mil) to Dec. 2023 (C$0.63 Mil).

Cathedra Bitcoin Long-Term Capital Lease Obligation Historical Data

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

Cathedra Bitcoin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.58

0.45

0.33

0.63

Cathedra Bitcoin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.33	0.29	1.14	0.63	0.20

Cathedra Bitcoin (TSXV:CBIT) 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.

Cathedra Bitcoin Long-Term Capital Lease Obligation Related Terms

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Cathedra Bitcoin (TSXV:CBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cathedra Bitcoin Inc (TSXV:CBIT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CBTTF:USA FB00:Germany

Address

320 - 638 Broughton Street, Vancouver, BC, CAN, V6G 3K3

Website

https://www.cathedra.com

Cathedra Bitcoin Inc is a Bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The Company has diversified bitcoin mining operations which produce 355 PH/s across three states and five locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.

Executives

Thomas Armstrong

Director, Senior Officer

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