GRIID Infrastructure (NEOE:GRDI) Long-Term Capital Lease Obligation : C$2.91 Mil (As of Mar. 2024)

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What is GRIID Infrastructure Long-Term Capital Lease Obligation?

GRIID Infrastructure's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$2.91 Mil.

GRIID Infrastructure's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$3.06 Mil) to Dec. 2023 (C$2.96 Mil) and declined from Dec. 2023 (C$2.96 Mil) to Mar. 2024 (C$2.91 Mil).

GRIID Infrastructure's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$2.10 Mil) to Dec. 2022 (C$3.26 Mil) but then declined from Dec. 2022 (C$3.26 Mil) to Dec. 2023 (C$2.96 Mil).

GRIID Infrastructure Long-Term Capital Lease Obligation Historical Data

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

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.10

3.26

2.96

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	3.08	3.06	2.96	2.91

GRIID Infrastructure (NEOE:GRDI) 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.

GRIID Infrastructure Long-Term Capital Lease Obligation Related Terms

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GRIID Infrastructure (NEOE:GRDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NEOE:GRDI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GRIF:USA

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (NEOE:GRDI) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024