Dropsuite (ASX:DSE) Long-Term Capital Lease Obligation : A$0.01 Mil (As of Dec. 2023)

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What is Dropsuite Long-Term Capital Lease Obligation?

Dropsuite's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.01 Mil.

Dropsuite's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.00 Mil) but then increased from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$0.01 Mil).

Dropsuite's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (A$0.00 Mil) to Dec. 2022 (A$0.00 Mil) but then increased from Dec. 2022 (A$0.00 Mil) to Dec. 2023 (A$0.01 Mil).

Dropsuite Long-Term Capital Lease Obligation Historical Data

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

Dropsuite Annual Data

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Long-Term Capital Lease Obligation

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0.01

Dropsuite Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.01

Dropsuite (ASX:DSE) 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.

Dropsuite Long-Term Capital Lease Obligation Related Terms

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Dropsuite (ASX:DSE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Dropsuite Ltd (ASX:DSE) » Definitions » Long-Term Capital Lease Obligation

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Address

14 Emerald Terrace, West Perth, Perth, WA, AUS, 6005

Website

https://www.dropsuite.com

Dropsuite Ltd is a cloud-based software service provider. The company enables small and medium-sized enterprises to easily backup, recover and protect their business information. Its products include Website and database backup, Email backup and archiving and File-based server backup. The operating segment of the company is the Provision of Backup Services.