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Sovereign Cloud Holdings (ASX:SOV) Construction In Progress : A$0.00 Mil (As of Dec. 2023)


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What is Sovereign Cloud Holdings Construction In Progress?


Sovereign Cloud Holdings Construction In Progress Historical Data

The historical data trend for Sovereign Cloud Holdings's Construction In Progress 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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Sovereign Cloud Holdings Construction In Progress Chart

Sovereign Cloud Holdings Annual Data
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Construction In Progress
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Sovereign Cloud Holdings Semi-Annual Data
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Sovereign Cloud Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.


Sovereign Cloud Holdings (ASX:SOV) Business Description

Traded in Other Exchanges
N/A
Address
15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609
Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

Sovereign Cloud Holdings (ASX:SOV) Headlines

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