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Starrex International (Starrex International) Long-Term Capital Lease Obligation : $0.79 Mil (As of Mar. 2024)


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What is Starrex International Long-Term Capital Lease Obligation?

Starrex International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.79 Mil.

Starrex International's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.40 Mil) to Dec. 2023 ($0.80 Mil) but then declined from Dec. 2023 ($0.80 Mil) to Mar. 2024 ($0.79 Mil).

Starrex International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.21 Mil) to Dec. 2022 ($0.09 Mil) but then increased from Dec. 2022 ($0.09 Mil) to Dec. 2023 ($0.80 Mil).

Starrex International Long-Term Capital Lease Obligation Historical Data

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

Starrex International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.03 0.21 0.09 0.80

Starrex International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.48 0.40 0.80 0.79

Starrex International  (OTCPK:STXMF) 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.

Starrex International Long-Term Capital Lease Obligation Related Terms

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Starrex International (Starrex International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Starrex International Ltd (OTCPK:STXMF) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
STX:Canada
Address
1250, 639 - 5th Avenue South West, Calgary, AB, CAN, T2P 0M9
Website
https://www.starrexintl.com
Starrex International Ltd is engaged in acquiring, managing, and growing companies in the United States active in the mortgage, real estate, and other financial sectors. it operates in three segments; Property Interlink, LLC managed residential appraisals and maintained all of the ordering, tracking, administrative duties and details and ensured the timeliness of appraisals that are handled during a real estate mortgage transaction, MFI Credit Solutions, LLC manages consumer credit reporting and maintains all of the ordering, tracking, administrative duties and details required to support consumer credit reporting activities, and Reliable Valuation Service, LLC provided residential evaluations of residential real estate to third parties.