PowerFleet (JSE:PWR) Long-Term Capital Lease Obligation : R91 Mil (As of Dec. 2023)

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What is PowerFleet Long-Term Capital Lease Obligation?

PowerFleet's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R91 Mil.

PowerFleet's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (R88 Mil) to Sep. 2023 (R84 Mil) but then increased from Sep. 2023 (R84 Mil) to Dec. 2023 (R91 Mil).

PowerFleet's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R117 Mil) to Dec. 2022 (R97 Mil) and declined from Dec. 2022 (R97 Mil) to Dec. 2023 (R91 Mil).

PowerFleet Long-Term Capital Lease Obligation Historical Data

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

PowerFleet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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68.83

104.92

117.09

97.25

91.45

PowerFleet 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															97.25	92.48	88.38	83.73	91.45

PowerFleet (JSE:PWR) 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.

PowerFleet Long-Term Capital Lease Obligation Related Terms

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PowerFleet (JSE:PWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerFleet Inc (JSE:PWR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PWFL:USA PWFL:Israel 3LO:Germany

Address

123 Tice Boulevard, Suite 101, Woodcliff Lake, NJ, USA, 07677

Website

https://www.powerfleet.com

PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles, and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications, and sensor technology to manage its assets. It operates in the segment of Wireless IoT asset management. The company has a business presence in the U. S, Israel, and other countries, of which key revenue is derived from the U.S.