Infobird Co (Infobird Co) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jun. 2023)

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What is Infobird Co Long-Term Capital Lease Obligation?

Infobird Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil.

Infobird Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.01 Mil) to Dec. 2022 ($0.01 Mil) but then declined from Dec. 2022 ($0.01 Mil) to Jun. 2023 ($0.00 Mil).

Infobird Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.10 Mil) but then declined from Dec. 2021 ($0.10 Mil) to Dec. 2022 ($0.01 Mil).

Infobird Co Long-Term Capital Lease Obligation Historical Data

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

Infobird Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.10

0.01

Infobird Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	0.10	0.01	0.01	-

Infobird Co (NAS:IFBD) 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.

Infobird Co Long-Term Capital Lease Obligation Related Terms

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Infobird Co (Infobird Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Infobird Co Ltd (NAS:IFBD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Courtyard, Lize Zhongyi Road, Boya International Center, Building 2, Room 12A06, Block A, Chaoyang District, Beijing, CHN, 100102

Website

https://www.infobird.com

Infobird Co Ltd is engaged in developing and providing customer engagement cloud-based services. It software-as-a-service, provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. It provides holistic software solutions to help corporate clients proactively deliver and manage end-to-end customer engagement activities at all stages of the sales process including pre-sales and sales activities and post-sales customer support. It also offer AI-powered cloud-based sales force management software including intelligent quality inspection and intelligent training software to help clients monitor, benchmark and improve the performances of agents.