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OtherLevels Holdings (ASX:OLV) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2019)


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What is OtherLevels Holdings Long-Term Capital Lease Obligation?

OtherLevels Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2019 was A$0.00 Mil.


OtherLevels Holdings Long-Term Capital Lease Obligation Historical Data

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

OtherLevels Holdings Annual Data
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OtherLevels Holdings Semi-Annual Data
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OtherLevels Holdings  (ASX:OLV) 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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OtherLevels Holdings (ASX:OLV) Business Description

Industry
Traded in Other Exchanges
N/A
Address
235 Edward Street, Level 1, Brisbane, QLD, AUS, 4000
OtherLevels Holdings Ltd provides mobile marketing solutions. It operates a digital marketing Software-as-a-Service business that enables enterprises to communicate with its users on mobile and smart devices. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in Australia and the United States. The company generates revenue from Licences; Managed Services; Professional Services and Other income. It provides platforms such as Web and App Messaging, Location Messaging, Event Messaging, Intelligent Messaging, and In-Play Messaging.

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