Locafy (Locafy) Long-Term Capital Lease Obligation : $0.16 Mil (As of Mar. 2024)

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What is Locafy Long-Term Capital Lease Obligation?

Locafy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.16 Mil.

Locafy's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.19 Mil) to Dec. 2023 ($0.18 Mil) and declined from Dec. 2023 ($0.18 Mil) to Mar. 2024 ($0.16 Mil).

Locafy's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($0.07 Mil) to Jun. 2022 ($0.29 Mil) but then declined from Jun. 2022 ($0.29 Mil) to Jun. 2023 ($0.22 Mil).

Locafy Long-Term Capital Lease Obligation Historical Data

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

Locafy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

0.09

0.07

0.29

0.22

Locafy Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.24	0.22	0.19	0.18	0.16

Locafy (NAS:LCFY) 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.

Locafy Long-Term Capital Lease Obligation Related Terms

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Locafy (Locafy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Locafy Ltd (NAS:LCFY) » Definitions » Long-Term Capital Lease Obligation

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Address

246 Churchill Avenue, Subiaco, Perth, WA, AUS, 6008

Website

https://www.locafy.com

Locafy Ltd is focused on commercializing its Software as a Service (SaaS) online publishing technology platform. Its platform enables the ability to publish almost any type of content to almost any device that uses a web browser to display web content. The firm has three operating segments: the Publishing segment, the Reseller segment, and the Channel sales segment. It derives a majority of its revenue from Australia and New Zealand.