MTI Wireless Edge (LSE:MWE) Long-Term Capital Lease Obligation : £0.41 Mil (As of Mar. 2024)

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What is MTI Wireless Edge Long-Term Capital Lease Obligation?

MTI Wireless Edge's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.41 Mil.

MTI Wireless Edge's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (£0.10 Mil) to Dec. 2023 (£0.41 Mil) and increased from Dec. 2023 (£0.41 Mil) to Mar. 2024 (£0.41 Mil).

MTI Wireless Edge's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (£0.35 Mil) to Dec. 2022 (£0.25 Mil) but then increased from Dec. 2022 (£0.25 Mil) to Dec. 2023 (£0.41 Mil).

MTI Wireless Edge Long-Term Capital Lease Obligation Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Long-Term Capital Lease Obligation Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.17

0.12

0.35

0.25

0.41

MTI Wireless Edge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.25	0.17	0.10	0.41	0.41

MTI Wireless Edge (LSE:MWE) 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.

MTI Wireless Edge Long-Term Capital Lease Obligation Related Terms

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MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Long-Term Capital Lease Obligation

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M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.