Critical Infrastructure Technologies (XCNQ:CTTT) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2024)

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What is Critical Infrastructure Technologies Long-Term Capital Lease Obligation?

Critical Infrastructure Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Critical Infrastructure Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Critical Infrastructure 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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Critical Infrastructure Technologies Long-Term Capital Lease Obligation Chart

Critical Infrastructure Technologies Annual Data

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Long-Term Capital Lease Obligation

Critical Infrastructure Technologies Quarterly Data
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Critical Infrastructure Technologies (XCNQ:CTTT) 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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Critical Infrastructure Technologies (XCNQ:CTTT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Critical Infrastructure Technologies Ltd (XCNQ:CTTT) » Definitions » Long-Term Capital Lease Obligation

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Address

1066 West Hastings Street, Suite 2600, Vancouver, BC, CAN, V6E 3X1

Website

https://www.citech.com.au

Critical Infrastructure Technologies Ltd designs and develops rapidly deployable infrastructure and power systems to support life and mission-critical applications. The company's product set is a range of rapidly deployable, high-capacity communications platforms called the NEXUS 16 and CiNet. The NEXUS 16 is a fully integrated, high-capacity communications platform that can be quickly and safely transported to remote and hostile locations and be fully operational and transmitted in under 60 minutes. CiNet was built to support the Nexus products and provide seamless integration into the operator's own Network Management Systems.

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