Eqonex (Eqonex) Long-Term Capital Lease Obligation : $4.00 Mil (As of Mar. 2022)

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What is Eqonex Long-Term Capital Lease Obligation?

Eqonex's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was $4.00 Mil.

Eqonex's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.14 Mil) to Sep. 2021 ($4.46 Mil) but then declined from Sep. 2021 ($4.46 Mil) to Mar. 2022 ($4.00 Mil).

Eqonex's annual Long-Term Capital Lease Obligation declined from Mar. 2020 ($0.95 Mil) to Mar. 2021 ($0.14 Mil) but then increased from Mar. 2021 ($0.14 Mil) to Mar. 2022 ($4.00 Mil).

Eqonex Long-Term Capital Lease Obligation Historical Data

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

Eqonex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Long-Term Capital Lease Obligation

3.08

0.95

0.14

4.00

Eqonex Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.95	0.23	0.14	4.46	4.00

Eqonex (OTCPK:EQOSQ) 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.

Eqonex Long-Term Capital Lease Obligation Related Terms

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Eqonex (Eqonex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eqonex Ltd (OTCPK:EQOSQ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

118 Piccadilly, Mayfair, London, GBR, W1J 7NW

Website

https://www.eqonex.com

Eqonex Ltd is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem. The company offers services related to Exchange and Trading, Capital Markets, Custody, and Asset Management.