Appen (ASX:APX) Long-Term Capital Lease Obligation : A$13.9 Mil (As of Dec. 2023)

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What is Appen Long-Term Capital Lease Obligation?

Appen's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$13.9 Mil.

Appen's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$10.4 Mil) to Jun. 2023 (A$0.0 Mil) but then increased from Jun. 2023 (A$0.0 Mil) to Dec. 2023 (A$13.9 Mil).

Appen's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (A$14.1 Mil) to Dec. 2022 (A$10.4 Mil) but then increased from Dec. 2022 (A$10.4 Mil) to Dec. 2023 (A$13.9 Mil).

Appen Long-Term Capital Lease Obligation Historical Data

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

Appen Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.34

19.10

14.06

10.41

13.91

Appen Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	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													14.06	-	10.41	-	13.91

Appen (ASX:APX) 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.

Appen Long-Term Capital Lease Obligation Related Terms

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Appen (ASX:APX) Business Description

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APXYY:USA APPEF:USA 433:Germany

Address

9 Help Street, Level 6, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.appen.com

Appen Ltd is engaged in the provision of quality data solutions and services for machine learning and artificial intelligence applications for technology companies, auto manufacturers and government agencies. The company's business segments are Global services and New markets. It generates maximum revenue from the Global services segment. Geographically, it derives a majority of its revenue from the united states of America.

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