Pineapple Financial (Pineapple Financial) Long-Term Capital Lease Obligation : $0.90 Mil (As of Feb. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Pineapple Financial Long-Term Capital Lease Obligation?

Pineapple Financial's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.90 Mil.

Pineapple Financial's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($0.97 Mil) to Nov. 2023 ($0.93 Mil) and declined from Nov. 2023 ($0.93 Mil) to Feb. 2024 ($0.90 Mil).

Pineapple Financial's annual Long-Term Capital Lease Obligation increased from Aug. 2021 ($0.21 Mil) to Aug. 2022 ($1.02 Mil) but then declined from Aug. 2022 ($1.02 Mil) to Aug. 2023 ($0.97 Mil).

Pineapple Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pineapple Financial'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.

* Premium members only.

Pineapple Financial Long-Term Capital Lease Obligation Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

0.21

1.02

0.97

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.91	0.88	0.97	0.93	0.90

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Pineapple Financial's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.