DMG Blockchain Solutions (TSXV:DMGI) Long-Term Capital Lease Obligation : C$0.07 Mil (As of Mar. 2024)

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What is DMG Blockchain Solutions Long-Term Capital Lease Obligation?

DMG Blockchain Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.07 Mil.

DMG Blockchain Solutions's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.04 Mil) to Dec. 2023 (C$0.08 Mil) but then declined from Dec. 2023 (C$0.08 Mil) to Mar. 2024 (C$0.07 Mil).

DMG Blockchain Solutions's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (C$0.07 Mil) to Sep. 2022 (C$0.09 Mil) but then declined from Sep. 2022 (C$0.09 Mil) to Sep. 2023 (C$0.04 Mil).

DMG Blockchain Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for DMG Blockchain Solutions'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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DMG Blockchain Solutions Long-Term Capital Lease Obligation Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.34

0.17

0.07

0.09

0.04

DMG Blockchain Solutions 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															0.06	0.05	0.04	0.08	0.07

DMG Blockchain Solutions (TSXV:DMGI) 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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DMG Blockchain Solutions (TSXV:DMGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (TSXV:DMGI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DMGGF:USA 6AX:Germany

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.

Executives

Adrian Glover

Senior Officer

DMG Blockchain Solutions (TSXV:DMGI) Headlines

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