Guardforce AI Co (Guardforce AI Co) Long-Term Capital Lease Obligation : $1.68 Mil (As of Dec. 2023)

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What is Guardforce AI Co Long-Term Capital Lease Obligation?

Guardforce AI Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.68 Mil.

Guardforce AI Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($2.57 Mil) to Jun. 2023 ($1.92 Mil) and declined from Jun. 2023 ($1.92 Mil) to Dec. 2023 ($1.68 Mil).

Guardforce AI Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.67 Mil) to Dec. 2022 ($2.57 Mil) but then declined from Dec. 2022 ($2.57 Mil) to Dec. 2023 ($1.68 Mil).

Guardforce AI Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guardforce AI Co'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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Guardforce AI Co Long-Term Capital Lease Obligation Chart

Guardforce AI Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

4.68

3.13

0.67

2.57

1.68

Guardforce AI Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.67	1.36	2.57	1.92	1.68

Guardforce AI Co (NAS:GFAI) 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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Guardforce AI Co (Guardforce AI Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guardforce AI Co Ltd (NAS:GFAI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

10 Anson Road, No. 28-01, International Plaza, Singapore, SGP, 079903

Website

https://www.guardforceai.com

Guardforce AI Co Ltd is a provider of cash solutions and cash handling services located in Thailand. The company engages in the cash logistics business, and its services include cash-in-transit, or CIT, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Its customers include local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.