Vislink Technologies (LSE:XGT) Long-Term Capital Lease Obligation : $0.85 Mil (As of Mar. 2024)

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What is Vislink Technologies Long-Term Capital Lease Obligation?

Vislink Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.85 Mil.

Vislink Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.82 Mil) to Dec. 2023 ($0.76 Mil) but then increased from Dec. 2023 ($0.76 Mil) to Mar. 2024 ($0.85 Mil).

Vislink Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.51 Mil) to Dec. 2022 ($1.11 Mil) and declined from Dec. 2022 ($1.11 Mil) to Dec. 2023 ($0.76 Mil).

Vislink Technologies Long-Term Capital Lease Obligation Historical Data

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

Vislink Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.16

1.55

1.51

1.11

0.76

Vislink Technologies 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															1.02	0.93	0.82	0.76	0.85

Vislink Technologies (LSE:XGT) 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.

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Vislink Technologies (LSE:XGT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vislink Technologies Inc (LSE:XGT) » Definitions » Long-Term Capital Lease Obligation

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VISL:USA

Address

350 Clark Drive, Suite 125, Mount Olive, NJ, USA, 07828

Website

https://www.vislink.com

Vislink Technologies Inc is a global technology business specializing in collecting, delivering, and managing high-quality, live video and associated data from the scene of the action to the viewing screen. It provides solutions for the collection of live news, sports, and entertainment events for the broadcast markets. It also furnishes the surveillance and defense markets with real-time video intelligence solutions using various tailored transmission products. The company provides professional and technical services utilizing a staff of technology experts with decades of applied knowledge and real-world experience in terrestrial microwave, satellite, fiber optic, surveillance, and wireless communications systems delivering a broad spectrum of customer solutions.

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