Satellogic (Satellogic) Long-Term Capital Lease Obligation : $1.79 Mil (As of Dec. 2023)

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What is Satellogic Long-Term Capital Lease Obligation?

Satellogic's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.79 Mil.

Satellogic's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($6.06 Mil) to Jun. 2023 ($8.37 Mil) but then declined from Jun. 2023 ($8.37 Mil) to Dec. 2023 ($1.79 Mil).

Satellogic's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($2.08 Mil) to Dec. 2022 ($6.06 Mil) but then declined from Dec. 2022 ($6.06 Mil) to Dec. 2023 ($1.79 Mil).

Satellogic Long-Term Capital Lease Obligation Historical Data

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

Satellogic Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.04

2.08

6.06

1.79

Satellogic Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				2.08	6.43	6.06	8.37	1.79

Satellogic (NAS:SATL) 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.

Satellogic Long-Term Capital Lease Obligation Related Terms

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