Resonant (Resonant) Long-Term Capital Lease Obligation : $1.21 Mil (As of Dec. 2021)

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What is Resonant Long-Term Capital Lease Obligation?

Resonant's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $1.21 Mil.

Resonant's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 ($1.49 Mil) to Sep. 2021 ($1.35 Mil) and declined from Sep. 2021 ($1.35 Mil) to Dec. 2021 ($1.21 Mil).

Resonant's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($2.06 Mil) to Dec. 2020 ($1.76 Mil) and declined from Dec. 2020 ($1.76 Mil) to Dec. 2021 ($1.21 Mil).

Resonant Long-Term Capital Lease Obligation Historical Data

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

Resonant Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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2.06

1.76

1.21

Resonant Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.76	1.63	1.49	1.35	1.21

Resonant (NAS:RESN) 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.

Resonant Long-Term Capital Lease Obligation Related Terms

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Resonant (Resonant) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Resonant Inc (NAS:RESN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

ROCO:6173 TPE:6451 XKRX:011930 XKRX:052400 SKYT XKRX:051370 TSE:2737 TPE:3530 TPE:8261 TPE:5285

Traded in Other Exchanges

N/A

Address

10900 Stonelake Boulevard, Suite 100, Office 02-130, Austin, TX, USA, 78759

Website

https://www.resonant.com

Resonant Inc is a late-stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for the mobile device industry. It operates in a single segment to design radio frequency filters. The group has a business presence in Japan, China and Other countries, of which key revenue is derived from Japan.

Executives

George B Holmes	director, officer: Chief Executive Officer	C/O RESONANT INC., 10900 STONELAKE BLVD., SUITE 100, OFFICE, AUSTIN TX 78759
Neal Fenzi	officer: Chief Technology Officer	C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117
Dylan Kelly	officer: Chief Operating Officer	C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117
Martin S Mcdermut	officer: Chief Financial Officer	C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Marybeth Carberry	officer: Exec VP of Business Operations	C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Robert L. Tirva	director	C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Ruben Caballero	director	C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759
Michael J Fox	director	C/O PARK CITY CAPITAL, LLC, 100 CRESCENT COURT SUITE 700, DALLAS TX 75201
Joshua Jacobs	director	9917 LA TUNA CANYON ROAD, SUN VALLEY CA 91352
Jean F Rankin	director	1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Jack H Jacobs	director	101 OAKS ROAD, MILLINGTON NJ 07946
Robert B Hammond	officer: Co-Chief Technology Officer	C/O RESONANT INC., 175 CREMONA DRIVE, SUITE 200, GOLETA CA 93117
Park City Capital, Llc	director	12400 COIT ROAD, SUITE 800, DALLAS TX 75251
Longboard Capital Advisors, Llc	10 percent owner	9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212