BuildDirect.com Technologies (TSXV:BILD) Long-Term Capital Lease Obligation : C$1.76 Mil (As of Dec. 2023)

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What is BuildDirect.com Technologies Long-Term Capital Lease Obligation?

BuildDirect.com Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.76 Mil.

BuildDirect.com Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$2.80 Mil) to Sep. 2023 (C$2.36 Mil) and declined from Sep. 2023 (C$2.36 Mil) to Dec. 2023 (C$1.76 Mil).

BuildDirect.com Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$5.03 Mil) to Dec. 2022 (C$3.89 Mil) and declined from Dec. 2022 (C$3.89 Mil) to Dec. 2023 (C$1.76 Mil).

BuildDirect.com Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for BuildDirect.com Technologies'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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BuildDirect.com Technologies Long-Term Capital Lease Obligation Chart

BuildDirect.com Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.89

5.03

3.89

1.76

BuildDirect.com Technologies Quarterly Data
	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										3.89	3.40	2.80	2.36	1.76

BuildDirect.com Technologies (TSXV:BILD) 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.

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BuildDirect.com Technologies (TSXV:BILD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » BuildDirect.com Technologies Inc (TSXV:BILD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BDCTF:USA

Address

200 Granville Street, Suite 90, Vancouver, BC, CAN, V6C 1S4

Website

https://www.builddirect.com

BuildDirect.com Technologies Inc is a marketplace for purchasing and selling building materials online. It has two operating segments, BuildDirect.com and Independent Retailers. The platform connects homeowners and home improvement professionals in North America with suppliers and sellers of quality building materials from around the world, including flooring, tile, decking, and more.

Executives

Milan Roy

Director

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