QuoteMedia (QuoteMedia) Long-Term Capital Lease Obligation : $0.19 Mil (As of Dec. 2023)

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What is QuoteMedia Long-Term Capital Lease Obligation?

QuoteMedia's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.19 Mil.

QuoteMedia's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.24 Mil) to Sep. 2023 ($0.24 Mil) and declined from Sep. 2023 ($0.24 Mil) to Dec. 2023 ($0.19 Mil).

QuoteMedia's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.53 Mil) to Dec. 2022 ($0.32 Mil) and declined from Dec. 2022 ($0.32 Mil) to Dec. 2023 ($0.19 Mil).

QuoteMedia Long-Term Capital Lease Obligation Historical Data

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

QuoteMedia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.18

0.51

0.53

0.32

0.19

QuoteMedia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.32	0.28	0.24	0.24	0.19

QuoteMedia (OTCPK:QMCI) 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.

QuoteMedia Long-Term Capital Lease Obligation Related Terms

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QuoteMedia (QuoteMedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » QuoteMedia Inc (OTCPK:QMCI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

17100 East Shea Boulevard, Suite 230, Fountain Hills, AZ, USA, 85268

Website

https://www.quotemedia.com

QuoteMedia Inc is a provider of financial data, news feeds, market research information, and financial software solutions to online brokerages, clearing firms, banks, financial service companies, media portals, and public corporations. It is a single source for a wide array of market information and services, including streaming stock market data feeds, research and analysis information, content applications, portfolio management systems, software products, corporate investor relations provisioning, news services, wireless applications, and custom development. The company has three general product lines: Interactive Content and Data Applications, Data Feed Services, and Portfolio Management Systems.

Executives

David Shworan	director, officer: CEO	17100 SHEA BLVD STE 230, FOUNTAIN HILLS CA 85268
Keith J Randall	officer: CFO	11909 E BECKER LANE, SCOTTSDALE AZ 85259
Robert James Thompson	director
R Keith Guelpa	director, officer: Chief Executive Officer	17100 SHEA BLVD, SUITE 230, FOUNTAIN HILLS AZ 85268