SuperCom (SuperCom) Long-Term Capital Lease Obligation : $0.11 Mil (As of Dec. 2023)

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What is SuperCom Long-Term Capital Lease Obligation?

SuperCom's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.11 Mil.

SuperCom's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($0.00 Mil) but then increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($0.11 Mil).

SuperCom's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.93 Mil) to Dec. 2022 ($0.11 Mil) but then stayed the same from Dec. 2022 ($0.11 Mil) to Dec. 2023 ($0.11 Mil).

SuperCom Long-Term Capital Lease Obligation Historical Data

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

SuperCom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.93

0.11

SuperCom Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.11	-	-	0.11

SuperCom (NAS:SPCB) 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.

SuperCom Long-Term Capital Lease Obligation Related Terms

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SuperCom (SuperCom) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SuperCom Ltd (NAS:SPCB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

50S:Germany

Address

3 Rothschild Street, Tel Aviv, ISR, 6688106

Website

https://www.supercom.com

SuperCom Ltd is an Israel-based provider of traditional and digital identity solutions, IoT and connectivity solutions, and cybersecurity products and solutions to governments and private and public organizations throughout the world. It comprises three main Strategic Business Units: e-Gov; IoT, which is the key revenue driver; and Cyber Security. Besides, it also offers a wide range of solutions that include national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management using the common platform. Its geographical segments include Africa, European countries, South America, the United States, Israel, and the Asia Pacific.

Executives

Marxe Austin W & Greenhouse David M

10 percent owner

C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022