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Tevano Systems Holdings (XCNQ:TEVO) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Mar. 2023)


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What is Tevano Systems Holdings Long-Term Capital Lease Obligation?

Tevano Systems Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.00 Mil.


Tevano Systems Holdings Long-Term Capital Lease Obligation Historical Data

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

Tevano Systems Holdings Annual Data
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Long-Term Capital Lease Obligation
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Tevano Systems Holdings Quarterly Data
Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Tevano Systems Holdings  (XCNQ:TEVO) 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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Tevano Systems Holdings (XCNQ:TEVO) Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 1303, Vancouver, BC, CAN, V6E 2Y3
Tevano Systems Holdings Inc is in the business of designing, developing, marketing, and selling self-service kiosks for non-physical contact monitoring, testing temperatures and dispensing hand sanitizer for the post COVID-19 environment.
Executives
John Benjamin Sawchuk 10% Security Holder, Director, Senior Officer

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