Ituran Location and Control (Ituran Location and Control) Long-Term Capital Lease Obligation

: $4.8 Mil (As of Dec. 2023)

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Ituran Location and Control's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.8 Mil.

Ituran Location and Control's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($5.0 Mil) to Sep. 2023 ($4.5 Mil) but then increased from Sep. 2023 ($4.5 Mil) to Dec. 2023 ($4.8 Mil).

Ituran Location and Control's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1.8 Mil) to Dec. 2022 ($6.9 Mil) but then declined from Dec. 2022 ($6.9 Mil) to Dec. 2023 ($4.8 Mil).

Ituran Location and Control Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ituran Location and Control'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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Ituran Location and Control Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

10.84

2.69

1.75

6.89

4.77

Ituran Location and Control 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																6.89	5.85	4.98	4.54	4.77

Ituran Location and Control (NAS:ITRN) 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.

Ituran Location and Control Long-Term Capital Lease Obligation Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ituran Location and Control Ltd (NAS:ITRN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hashikma Street, Azour, ISR, 5800182

Website

https://www.ituran.com

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.