Sovereign Cloud Holdings (ASX:SOV) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Sovereign Cloud Holdings Long-Term Capital Lease Obligation?

Sovereign Cloud Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Sovereign Cloud Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (A$0.00 Mil) to Jun. 2023 (A$3.65 Mil) but then declined from Jun. 2023 (A$3.65 Mil) to Dec. 2023 (A$0.00 Mil).

Sovereign Cloud Holdings's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$3.83 Mil) to Jun. 2022 (A$2.30 Mil) but then increased from Jun. 2022 (A$2.30 Mil) to Jun. 2023 (A$3.65 Mil).

Sovereign Cloud Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sovereign Cloud 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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Sovereign Cloud Holdings Long-Term Capital Lease Obligation Chart

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

4.66

3.83

2.30

3.65

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	2.30	-	3.65	-

Sovereign Cloud Holdings (ASX:SOV) 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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Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609

Website

https://www.australiacloud.com.au

Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

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