OneSpan (OneSpan) Long-Term Capital Lease Obligation : $6.8 Mil (As of Dec. 2023)

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What is OneSpan Long-Term Capital Lease Obligation?

OneSpan's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.8 Mil.

OneSpan's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($5.5 Mil) to Sep. 2023 ($5.3 Mil) but then increased from Sep. 2023 ($5.3 Mil) to Dec. 2023 ($6.8 Mil).

OneSpan's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($10.2 Mil) to Dec. 2022 ($8.4 Mil) and declined from Dec. 2022 ($8.4 Mil) to Dec. 2023 ($6.8 Mil).

OneSpan Long-Term Capital Lease Obligation Historical Data

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

OneSpan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.30

12.40

10.18

8.44

6.82

OneSpan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.44	8.09	5.54	5.29	6.82

OneSpan (NAS:OSPN) 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.

OneSpan Long-Term Capital Lease Obligation Related Terms

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OneSpan (OneSpan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneSpan Inc (NAS:OSPN) » Definitions » Long-Term Capital Lease Obligation

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Address

121 West Wacker Drive, Suite 2050, Chicago, IL, USA, 60601

Website

https://investors.onespan.com

OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and anti-fraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, Middle East and Africa, and the rest in the United States and Asia-Pacific region.

Executives

Marc Zenner	director	1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Michael J Mcconnell	director	P.O. BOX 6280, NEWPORT BEACH CA 92658
Jorge Garcia Martell	officer: Chief Financial Officer	121 W WACKER #2050, CHICAGO IL 60601
Lara Mataac	other: General Counsel	121 W WACKER #2050, CHICAGO IL 60601
Alfred A Nietzel	director	ONE ADP BOULEVARD, ROSELAND NJ 07068
Steven Worth	officer: General Counsel	121 W. WACKER, 20TH FLOOR, CHICAGO IL 60601
T Kendall Hunt	director, 10 percent owner, officer: Chief Executive Officer	C/O VASCO DATA SECURITY, 1901 S MEYERS ROAD, OAKBROOK TERRACE IL 60181
Matthew Moynahan	officer: Chief Executive Officer	121 W WACKER #2050, CHICAGO IL 60601
Marianne Johnson	director	121 W. WACKER #2050, CHICAGO IL 60601
Marc Boroditsky	director	121 W. WACKER DR., SUITE 2050, CHICAGO IL 60614
John Bosshart	other: Principal Accounting Officer	500 W. MADISON STREET, #1000, CHICAGO IL 60661
Sarika Garg	director	121 W. WACKER, 20TH FLOOR, CHICAGO IL 60601
Garry L Capers	director	3680 VICTORIA STREET N, SHOREVIEW MN 55126
Naureen Hassan	director	121 W. WACKER #2050, CHICAGO IL 60601
Scott Clements	officer: President and COO	1901 S. MEYERS ROAD SUITE 210, OAKBROOK TERRACE IL 60181