Armada Data (TSXV:ARD) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Feb. 2024)

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What is Armada Data Long-Term Capital Lease Obligation?

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

Armada Data's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (C$0.04 Mil) to Nov. 2023 (C$0.03 Mil) and declined from Nov. 2023 (C$0.03 Mil) to Feb. 2024 (C$0.00 Mil).

Armada Data's annual Long-Term Capital Lease Obligation declined from May. 2021 (C$0.13 Mil) to May. 2022 (C$0.13 Mil) and declined from May. 2022 (C$0.13 Mil) to May. 2023 (C$0.07 Mil).

Armada Data Long-Term Capital Lease Obligation Historical Data

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

Armada Data Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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0.09

0.13

0.07

Armada Data Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	0.07	0.04	0.03	-

Armada Data (TSXV:ARD) 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.

Armada Data Long-Term Capital Lease Obligation Related Terms

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Armada Data (TSXV:ARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Armada Data Corp (TSXV:ARD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

5080 Timberlea Boulevard, Suite 215, Mississauga, ON, CAN, L4W 4M2

Website

https://www.armadadata.com

Armada Data Corp is primarily involved in the accumulation and sale of data related to the purchase of new and used vehicles. The reportable segments of the company are Insurance services, CarCost Canada, and information technology services. The company generates the majority of revenue from Insurance services.

Executives

Glenn Hrabovsky

Director