Comtech Telecommunications (Comtech Telecommunications) Long-Term Capital Lease Obligation : $33.1 Mil (As of Jan. 2024)

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What is Comtech Telecommunications Long-Term Capital Lease Obligation?

Comtech Telecommunications's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $33.1 Mil.

Comtech Telecommunications's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($41.8 Mil) to Oct. 2023 ($34.6 Mil) and declined from Oct. 2023 ($34.6 Mil) to Jan. 2024 ($33.1 Mil).

Comtech Telecommunications's annual Long-Term Capital Lease Obligation increased from Jul. 2021 ($39.6 Mil) to Jul. 2022 ($44.4 Mil) but then declined from Jul. 2022 ($44.4 Mil) to Jul. 2023 ($41.8 Mil).

Comtech Telecommunications Long-Term Capital Lease Obligation Historical Data

The historical data trend for Comtech Telecommunications'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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Comtech Telecommunications Long-Term Capital Lease Obligation Chart

Comtech Telecommunications Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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24.11

39.57

44.42

41.76

Comtech Telecommunications Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															42.92	43.07	41.76	34.63	33.06

Comtech Telecommunications (NAS:CMTL) 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.

Comtech Telecommunications Long-Term Capital Lease Obligation Related Terms

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Comtech Telecommunications (Comtech Telecommunications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Comtech Telecommunications Corp (NAS:CMTL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CC6:Germany CC6:Germany

Address

68 South Service Road, Suite 230, Melville, NY, USA, 11747

Website

https://www.comtechtel.com

Comtech Telecommunications Corp is a provider of modern communications solutions. The company is engaged in designing, developing, producing and marketing products, systems, and services for communications solutions. It is engaged in two business segments, Satellite and Space Communications and Terrestrial and Wireless Networks. Majority of sales are generated from Satellite and Space Communications segment.

Executives

Wendi B. Carpenter	director	2401 EAST 86TH ST., BLOOMINGTON MN 55425
Mark R. Quinlan	director	150 EAST 52ND STREET, 21ST FLOOR, NEW YORK NY 10022
Bruce T Crawford	director	255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Ellen M. Lord	director	1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Maria Hedden	officer: Chief Operating Officer	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Donald E. Walther	officer: Chief Legal Officer	500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004
Michael Bondi	officer: Corporate Controller	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Ken Allen Peterman	director	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Yelena Simonyuk	officer: Chief Legal Officer	68 S. SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Michael Porcelain	officer: VP of Finance & Internal Audit	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Yacov A Shamash	director
Lisa /adv Lesavoy	director	166 E 63RD ST, NEW YORK NY 10021
Judy Chambers	director	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Richard L Burt	officer: Sr. Vice President	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
John Branscum	officer: Sr. Vice President	COMTECH TELECOMMUNICATIONS CORP., 68 SOUTH SERVICE RD., SUITE 230, MELVILLE NY 11747