KORE (Kore Group Holdings) Long-Term Capital Lease Obligation : $8.7 Mil (As of Sep. 2024)

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What is Kore Group Holdings Long-Term Capital Lease Obligation?

Kore Group Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.7 Mil.

Kore Group Holdings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($9.4 Mil) to Jun. 2024 ($9.0 Mil) and declined from Jun. 2024 ($9.0 Mil) to Sep. 2024 ($8.7 Mil).

Kore Group Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($9.3 Mil) and increased from Dec. 2022 ($9.3 Mil) to Dec. 2023 ($9.4 Mil).

Kore Group Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kore Group Holdings'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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Kore Group Holdings Long-Term Capital Lease Obligation Chart

Kore Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.51

9.28

9.45

Kore Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													9.74	9.45	9.43	9.02	8.72

Kore Group Holdings (NYSE:KORE) 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.

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Kore Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Group Holdings Inc (NYSE:KORE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ravinia Drive, Suite 500, Atlanta, GA, USA, 30346

Website

https://www.korewireless.com

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions). Geographically, the company generates a majority of its revenue from the United States and the rest from other countries.

Executives

Louise P Winstone	officer: See Remarks	3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022
Romil Bahl	director, officer: Chief Executive Officer	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Jason Dietrich	officer: EVP, Chief Rev. Officer	3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346
Twilio Inc	10 percent owner	101 SPEAR STREET, SUITE 500, San Francisco CA 94105
Robert P Macinnis	director	C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Tomer Yosef-or	director	C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199
Kennedy Jack William Jr.	officer: See Remarks	1871 ASPEN DR NE, ATLANTA GA 30345
Tushar K. Sachdev	officer: See Remarks	600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
Paul Holtz	officer: See Remarks	C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Wood River Capital, Llc	10 percent owner	4111 E. 37TH STREET N, WICHITA KS 67220
James E Geisler	director	2087 BRIDGEPORT DR, LEXINGTON KY 40502
Paulett Eberhart	director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Mark A Neporent	director	C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022
R Michael Thurston	officer: See Remarks	1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309
Koch Industries Inc	10 percent owner	4111 EAST 37TH STREET NORTH, WICHITA KS 67220