AS-IP Tech (AS-IP Tech) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2023)

View and export this data going back to 2000. Start your Free Trial

What is AS-IP Tech Long-Term Capital Lease Obligation?

AS-IP Tech's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil.

AS-IP Tech Long-Term Capital Lease Obligation Historical Data

The historical data trend for AS-IP Tech'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.

* Premium members only.

AS-IP Tech Long-Term Capital Lease Obligation Chart

AS-IP Tech Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

AS-IP Tech Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

AS-IP Tech (OTCPK:IPTK) 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.

AS-IP Tech Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of AS-IP Tech's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

AS-IP Tech (AS-IP Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AS-IP Tech Inc (OTCPK:IPTK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/15 Castles Drive, Torquay, VIC, AUS, 3228

Website

https://www.asiptech.com

AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.

Executives

Richard Lukso	director	5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels	director, officer: Chief Financial Officer	88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman	director, 10 percent owner, officer: Chief Executive Officer	160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell	director	5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul	10 percent owner	100 BARKLY STREET, ST. KILDA C3 3182

AS-IP Tech (AS-IP Tech) Headlines

From GuruFocus

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-13-2022

AS-IP Tech, Inc. Makes Aviation History

By PRNewswire PRNewswire • 11-30-2021

ASIP Tech announces new STC for fflya.

By PRNewswire PRNewswire • 05-08-2023

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-23-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 07-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire • 06-13-2022