PowerFleet (STU:3LO) Long-Term Capital Lease Obligation : €7.9 Mil (As of Dec. 2024)

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What is PowerFleet Long-Term Capital Lease Obligation?

PowerFleet's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was €7.9 Mil.

PowerFleet's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (€7.9 Mil) to Sep. 2024 (€6.9 Mil) but then increased from Sep. 2024 (€6.9 Mil) to Dec. 2024 (€7.9 Mil).

PowerFleet's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (€5.3 Mil) to Dec. 2023 (€4.5 Mil) but then increased from Dec. 2023 (€4.5 Mil) to Mar. 2024 (€5.4 Mil).

PowerFleet Long-Term Capital Lease Obligation Historical Data

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

PowerFleet Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Mar24

Long-Term Capital Lease Obligation

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5.80

6.52

5.31

4.50

5.45

PowerFleet Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.50	5.45	7.95	6.95	7.90

PowerFleet (STU:3LO) 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.

PowerFleet Long-Term Capital Lease Obligation Related Terms

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PowerFleet Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerFleet Inc (STU:3LO) » Definitions » Long-Term Capital Lease Obligation

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PWR:South Africa AIOT:USA

Address

123 Tice Boulevard, Suite 101, Woodcliff Lake, NJ, USA, 07677

Website

https://www.powerfleet.com

PowerFleet Inc is engaged in Internet-of-Things (IoT) solutions providing valuable business intelligence for managing high-value enterprise assets that improve operational efficiencies. It provide critical information that powers unified operations throughout organizations. It is solving the challenge of inefficient data collection, real-time visibility, and analysis that leads to transformative business operations. Its SaaS cloud-based applications take data from IoT devices and ecosystem of third-party and partner applications to present actionable information for customer.

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