Givex (TSX:GIVX) Long-Term Capital Lease Obligation : C$2.40 Mil (As of Mar. 2024)

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What is Givex Long-Term Capital Lease Obligation?

Givex's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$2.40 Mil.

Givex's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$1.52 Mil) to Dec. 2023 (C$2.21 Mil) and increased from Dec. 2023 (C$2.21 Mil) to Mar. 2024 (C$2.40 Mil).

Givex's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$3.96 Mil) to Dec. 2022 (C$2.59 Mil) and declined from Dec. 2022 (C$2.59 Mil) to Dec. 2023 (C$2.21 Mil).

Givex Long-Term Capital Lease Obligation Historical Data

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

Givex Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

5.16

3.96

2.59

2.21

Givex Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										2.15	1.77	1.52	2.21	2.40

Givex (TSX:GIVX) 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.

Givex Long-Term Capital Lease Obligation Related Terms

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Givex (TSX:GIVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Givex Corp (TSX:GIVX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GIVXF:USA

Address

134 Peter Street, Toronto, ON, CAN, M5V 2H2

Website

https://web.givex.com

Givex Corp is a cloud-based, omnichannel technology platform, that integrates gift and loyalty programs, point of sale systems, and flexible payment services to enterprise-level retail and hospitality merchants. Its products include Gift cards, Loyalty Programs, Mobile App, Analytics, and Ordering kiosk among others. Geographically, it derives a majority of revenue from Canada.

Executives

Marc Ladouceur

Director or Senior Officer of 10% Security Holder

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