Gatekeeper Systems (Gatekeeper Systems) Long-Term Capital Lease Obligation : $0.62 Mil (As of Feb. 2024)

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What is Gatekeeper Systems Long-Term Capital Lease Obligation?

Gatekeeper Systems's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.62 Mil.

Gatekeeper Systems's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 ($0.42 Mil) to Nov. 2023 ($0.66 Mil) but then declined from Nov. 2023 ($0.66 Mil) to Feb. 2024 ($0.62 Mil).

Gatekeeper Systems's annual Long-Term Capital Lease Obligation increased from Aug. 2021 ($0.53 Mil) to Aug. 2022 ($0.57 Mil) but then declined from Aug. 2022 ($0.57 Mil) to Aug. 2023 ($0.42 Mil).

Gatekeeper Systems Long-Term Capital Lease Obligation Historical Data

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

Gatekeeper Systems Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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0.08

0.62

0.53

0.57

0.42

Gatekeeper Systems 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															0.49	0.45	0.42	0.66	0.62

Gatekeeper Systems (OTCPK:GKPRF) 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.

Gatekeeper Systems Long-Term Capital Lease Obligation Related Terms

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Gatekeeper Systems (Gatekeeper Systems) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Gatekeeper Systems Inc (OTCPK:GKPRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

1GK:Germany GSI:Canada

Address

31127 Wheel Avenue, Suite 301, Abbotsford, BC, CAN, V2T 6H1

Website

https://www.gatekeeper-systems.com

Gatekeeper Systems Inc is a provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The company uses AI(Artificial intelligence), video analytics, and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. Some of its product categories include interior cameras, exterior cameras, dashboard cameras among others. Geographically, the company generates revenue from United States which is the key revenue generating market, and Canada.