Lantronix (Lantronix) Long-Term Capital Lease Obligation : $9.0 Mil (As of Mar. 2024)

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What is Lantronix Long-Term Capital Lease Obligation?

Lantronix's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $9.0 Mil.

Lantronix's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($9.9 Mil) to Dec. 2023 ($9.4 Mil) and declined from Dec. 2023 ($9.4 Mil) to Mar. 2024 ($9.0 Mil).

Lantronix's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($1.2 Mil) to Jun. 2022 ($7.3 Mil) and increased from Jun. 2022 ($7.3 Mil) to Jun. 2023 ($10.4 Mil).

Lantronix Long-Term Capital Lease Obligation Historical Data

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

Lantronix Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.05

1.80

1.16

7.31

10.43

Lantronix 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															9.51	10.43	9.88	9.45	8.99

Lantronix (NAS:LTRX) 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.

Lantronix Long-Term Capital Lease Obligation Related Terms

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Lantronix (Lantronix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lantronix Inc (NAS:LTRX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

48 Discovery, Suite 250, Irvine, CA, USA, 92618

Website

https://www.lantronix.com

Lantronix Inc is a networking company. It provides secure data access and management solutions for the Internet of Things (IoT) and information technology assets. It organizes its products and solutions into three product lines named as IoT Solutions, IoT System Solutions, and Software & Services. Embedded IoT solution segment is the key revenue driver for the company. The company serves a diverse range of markets including healthcare, industrial, security, energy, transportation, and government networking. Its primary geographic markets are the Americas, Europe, the Middle East and Africa, and Asia Pacific Japan. The Americas contribute the vast majority of total revenue.

Executives

Philip G Brace	director	LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Eric Bass	officer: VP of Engineering	48 DISCOVERY, SUITE 250, IRVINE CA 92618
Hoshi Printer	director	C/O LANTRONIX, INC., 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92518
Paul F Folino	director	ONE ENTERPRISE, ALISO VIEJO CA 92656
Jason Cohenour	director	47669 FREMONT BLVD, FREMONT CA 94538
Phu Hoang	director	48 DISCOVERY, SUITE 250, IRVINE CA 92618
Jeremy Whitaker	officer: Chief Financial Officer and Co	15353 BARRANCA PARKWAY, IRVINE CA 92618
Paul H Pickle	director, officer: President & CEO	200 FLYNN ROAD, CAMARILLO CA 93012
Fathi Hakam	officer: Vice President of Engineering	7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Roger Holliday	officer: VP of Worldwide Sales	7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Heidi Nguyen	director	C/O LANTRONIX, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA IRVINE
Bernhard Bruscha	director, 10 percent owner	LANTRONIX INC, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Hale Martin M Jr	director, 10 percent owner
Margaret A Evashenk	director	EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Kevin Yoder	officer: VP of Worldwide Sales	7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618