Hub Cyber Security (Hub Cyber Security) Long-Term Capital Lease Obligation : $4.32 Mil (As of Jun. 2023)

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What is Hub Cyber Security Long-Term Capital Lease Obligation?

Hub Cyber Security's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $4.32 Mil.

Hub Cyber Security's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 ($5.10 Mil) to Dec. 2022 ($5.00 Mil) and declined from Dec. 2022 ($5.00 Mil) to Jun. 2023 ($4.32 Mil).

Hub Cyber Security's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.03 Mil) to Dec. 2021 ($6.06 Mil) but then declined from Dec. 2021 ($6.06 Mil) to Dec. 2022 ($5.00 Mil).

Hub Cyber Security Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hub Cyber Security'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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Hub Cyber Security Long-Term Capital Lease Obligation Chart

Hub Cyber Security Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

2.59

0.03

6.06

5.00

Hub Cyber Security Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				1.82	6.06	5.10	5.00	4.32

Hub Cyber Security (NAS:HUBC) 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.

Hub Cyber Security Long-Term Capital Lease Obligation Related Terms

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Hub Cyber Security (Hub Cyber Security) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hub Cyber Security Ltd (NAS:HUBC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

17 Rothschild Boulevard, Tel Aviv, ISR, 6688120

Website

https://www.hubsecurity.com

Hub Cyber Security Ltd is engaged in the development of cyber products, software and quality systems, reliability, and risk management. It operates in several countries and provides cybersecurity computing appliances as well as a wide range of cybersecurity professional services.