CRGO (Freightos) Long-Term Capital Lease Obligation : $0.54 Mil (As of Sep. 2024)

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What is Freightos Long-Term Capital Lease Obligation?

Freightos's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.54 Mil.

Freightos's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($0.59 Mil) to Jun. 2024 ($0.47 Mil) but then increased from Jun. 2024 ($0.47 Mil) to Sep. 2024 ($0.54 Mil).

Freightos's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.09 Mil) to Dec. 2022 ($0.40 Mil) but then increased from Dec. 2022 ($0.40 Mil) to Dec. 2023 ($0.71 Mil).

Freightos Long-Term Capital Lease Obligation Historical Data

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

Freightos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.49

1.09

0.40

0.71

Freightos Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.19	0.71	0.59	0.47	0.54

Freightos (NAS:CRGO) 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.

Freightos Long-Term Capital Lease Obligation Related Terms

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Freightos Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Freightos Ltd (NAS:CRGO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Derech Agudat Sport HaPo’el, Technology Park Building 2, Jerusalem, ISR, 9695102

Website

https://www.freightos.com

Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.