Genasys (Genasys) Long-Term Capital Lease Obligation : $4.03 Mil (As of Dec. 2023)

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What is Genasys Long-Term Capital Lease Obligation?

Genasys's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.03 Mil.

Genasys's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($4.55 Mil) to Sep. 2023 ($4.28 Mil) and declined from Sep. 2023 ($4.28 Mil) to Dec. 2023 ($4.03 Mil).

Genasys's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($5.71 Mil) to Sep. 2022 ($5.19 Mil) and declined from Sep. 2022 ($5.19 Mil) to Sep. 2023 ($4.28 Mil).

Genasys Long-Term Capital Lease Obligation Historical Data

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

Genasys Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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6.40

5.71

5.19

4.28

Genasys 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	Get a 7-Day Free Trial															4.98	4.80	4.55	4.28	4.03

Genasys (NAS:GNSS) 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.

Genasys Long-Term Capital Lease Obligation Related Terms

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Genasys (Genasys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Genasys Inc (NAS:GNSS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

G66:Germany

Address

16262 West Bernardo Drive, San Diego, CA, USA, 92127

Website

https://www.genasys.com

Genasys Inc is a provider of critical communications solutions designed to help keep people safe. The company is engaged in the design, development, and commercialization of directed and multidirectional sound technologies, voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. Its operating segment includes Hardware and Software. The company generates maximum revenue from the Hardware segment. Geographically, it derives a majority of revenue from the Americas region and also has its presence in the Asia Pacific and Europe, Middle East and Africa.

Executives

Scott L Anchin	director	16990 GOLDENTOP ROAD, SUITE A, SAN DIEGO CA 92127
Osgood Richard Hoe Iii	director	20 HUNTER RANCH ROAD, NAPA CA 94558
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Laura Clague	director	370 PARK RANCH PLACE, ESCONDIDO CA 92025
Richard Danforth	officer: CEO	16990 GOLDENTOP ROAD, SUITE A, SAN DIEGO CA 92127
Caltha Seymour	director	C/O GENASYS INC., 16262 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
Susan Lee Schmeiser	director	C/O GENASYS INC., 16262 WEST BERNARDO DRIVE, SAN DIEGO CA 92127
John G Coburn	director	10505 GUNSTON ROAD, HORTON VA 22079
Daniel H Mccollum	director	16990 GOLDENTOP ROAD, SUITE A, SAN DIEGO CA 92127
Dennis D Klahn	officer: CFO/Secretary	16990 GOLDENTOP ROAD, SUITE A, SAN DIEGO CA 92127
Thomas R Brown	director	15378 AVENUE OF SCIENCE SUITE 100, SAN DIEGO CA 92128
Dennis James Wend	director	1315 SOUTH WATER STREET, MARINE CITY MI 48039
Katherine H Mcdermott	officer: Chief Accounting Officer	5660 EASTGATE DRIVE, SAN DIEGO CA 92121
Marxe Austin W & Greenhouse David M	10 percent owner	C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Vandeweghe George William Jr	director	3733 WARNER STREET, SAN DIEGO CA 92106