Karbon-X (Karbon-X) Long-Term Capital Lease Obligation : $0.04 Mil (As of Feb. 2024)

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What is Karbon-X Long-Term Capital Lease Obligation?

Karbon-X's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.04 Mil.

Karbon-X's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($0.05 Mil) to Nov. 2023 ($0.04 Mil) and declined from Nov. 2023 ($0.04 Mil) to Feb. 2024 ($0.04 Mil).

Karbon-X's annual Long-Term Capital Lease Obligation stayed the same from . 20 ($0.00 Mil) to May. 2022 ($0.00 Mil) but then increased from May. 2022 ($0.00 Mil) to May. 2023 ($0.06 Mil).

Karbon-X Long-Term Capital Lease Obligation Historical Data

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

Karbon-X Annual Data

Trend

May22

May23

Long-Term Capital Lease Obligation

0.06

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.06	0.05	0.04	0.04

Karbon-X (OTCPK:KARX) 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.

Karbon-X Long-Term Capital Lease Obligation Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.