SNAVF (Star Navigation Systems Group) Long-Term Capital Lease Obligation : $0.42 Mil (As of Sep. 2024)

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What is Star Navigation Systems Group Long-Term Capital Lease Obligation?

Star Navigation Systems Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.42 Mil.

Star Navigation Systems Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($0.48 Mil) to Jun. 2024 ($0.45 Mil) and declined from Jun. 2024 ($0.45 Mil) to Sep. 2024 ($0.42 Mil).

Star Navigation Systems Group's annual Long-Term Capital Lease Obligation declined from Jun. 2022 ($0.68 Mil) to Jun. 2023 ($0.57 Mil) and declined from Jun. 2023 ($0.57 Mil) to Jun. 2024 ($0.45 Mil).

Star Navigation Systems Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Star Navigation Systems Group'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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Star Navigation Systems Group Long-Term Capital Lease Obligation Chart

Star Navigation Systems Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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0.73

0.79

0.68

0.57

0.45

Star Navigation Systems Group Quarterly Data
	Dec19	Mar20	Jun20	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															0.53	0.51	0.48	0.45	0.42

Star Navigation Systems Group (OTCPK:SNAVF) 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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Star Navigation Systems Group Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Star Navigation Systems Group Ltd (OTCPK:SNAVF) » Definitions » Long-Term Capital Lease Obligation

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SNA:Canada

Address

11 Kenview Boulevard, Brampton, ON, CAN, L6T 5G5

Website

https://www.star-navigation.com

Star Navigation Systems Group Ltd is focused on providing Aerospace Solutions. It is centred on devoting all its activity to the development, marketing and promotion of an in-flight Safety Monitoring System (STAR-ISMS), whereby data from an aircraft can be transmitted to ground stations for the duration of a flight. The services provided by the company include consultation, monitoring, maintenance, training and customer service. The group operates and generates revenue in Canada.

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