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M2i Global (M2i Global) Long-Term Capital Lease Obligation : $0.00 Mil (As of Feb. 2024)


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What is M2i Global Long-Term Capital Lease Obligation?

M2i Global's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil.

M2i Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for M2i Global'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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M2i Global Long-Term Capital Lease Obligation Chart

M2i Global Annual Data
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M2i Global Quarterly Data
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M2i Global  (OTCPK:MTWO) 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.

M2i Global Long-Term Capital Lease Obligation Related Terms

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M2i Global (M2i Global) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M2i Global Inc (OTCPK:MTWO) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
S. Carson Street, P.O. Box No. 40, Carson, NV, USA, 89701
Website
https://www.inky.live
M2I Global Inc formerly Inky Inc develops, publishes and markets mobile software applications for smartphones and tablet devices. Inky facilitates the user to decide what and where to ink without having to actually commence the tattoo procedure. Users will be able to download applications through direct-to-consumer digital storefronts, such as the apple app store and google play market. The app includes a selection of tattoo sketches by different artists that can be virtually placed via smartphone-powered AR. A user gets to try on a virtual tattoo on their body in real time.