ZenaTech (NAS:ZENA) Long-Term Capital Lease Obligation : $0.14 Mil (As of Mar. 2024)

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What is ZenaTech Long-Term Capital Lease Obligation?

ZenaTech's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.14 Mil.

ZenaTech's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.00 Mil) to Dec. 2023 ($0.15 Mil) but then declined from Dec. 2023 ($0.15 Mil) to Mar. 2024 ($0.14 Mil).

ZenaTech's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.15 Mil).

ZenaTech Long-Term Capital Lease Obligation Historical Data

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

ZenaTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.15

ZenaTech Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Sep20	Dec20	Sep21	Dec21	Sep22	Dec22	Mar23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	-	-	0.15	0.14

ZenaTech (NAS:ZENA) 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.

ZenaTech Long-Term Capital Lease Obligation Related Terms

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ZenaTech Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ZenaTech Inc (NAS:ZENA) » Definitions » Long-Term Capital Lease Obligation

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Address

69 Yonge Street, Suite 1404, Toronto, ON, CAN, M53 1K3

Website

http://www.zenatech.com

ZenaTech Inc is a enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. The company operates in two segments which is software development technology, sales, and distribution, as well as drone manufacturing, sales, and distribution.

ZenaTech Headlines

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ZenaTech Announces Approval to List Common Shares on the Nasdaq Capital Market

By Marketwired • 09-30-2024