EasTower Wireless (TSXV:ESTW.H) Long-Term Capital Lease Obligation : C$0.13 Mil (As of Sep. 2022)

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What is EasTower Wireless Long-Term Capital Lease Obligation?

EasTower Wireless's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$0.13 Mil.

EasTower Wireless's quarterly Long-Term Capital Lease Obligation increased from Jan. 2022 (C$0.00 Mil) to Jun. 2022 (C$0.17 Mil) but then declined from Jun. 2022 (C$0.17 Mil) to Sep. 2022 (C$0.13 Mil).

EasTower Wireless's annual Long-Term Capital Lease Obligation increased from . 20 (C$0.00 Mil) to Dec. 2019 (C$0.17 Mil) but then declined from Dec. 2019 (C$0.17 Mil) to Dec. 2020 (C$0.12 Mil).

EasTower Wireless Long-Term Capital Lease Obligation Historical Data

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

EasTower Wireless Annual Data

Trend

Dec19

Dec20

Long-Term Capital Lease Obligation

0.17

0.12

EasTower Wireless Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Jan22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.30	-	0.17	0.13

EasTower Wireless (TSXV:ESTW.H) 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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EasTower Wireless (TSXV:ESTW.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EasTower Wireless Inc (TSXV:ESTW.H) » Definitions » Long-Term Capital Lease Obligation

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Address

666 Burrard Street, Suite 2800, Vancouver, BC, CAN, V6C 2Z7

Website

https://eastowerwireless.com

EasTower Wireless Inc is a U.S. provider of wireless communications infrastructure and related services.. The firm specializes in the construction, installation, upgrading, and maintenance of wireless infrastructure systems, including 5G, 4G and small cell deployments as well as first responder or FirstNet initiatives. The company's diverse, top-tier customer base includes telecom providers, global original equipment manufacturers (OEMs), corporations and federal government agencies. The company is currently operating in the State of Florida and is focusing on potential expansions in the Southeastern Sunbelt states of the US.

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