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CalAmp (STU:CF30) Long-Term Capital Lease Obligation : €8.3 Mil (As of Nov. 2023)


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What is CalAmp Long-Term Capital Lease Obligation?

CalAmp's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was €8.3 Mil.

CalAmp's quarterly Long-Term Capital Lease Obligation declined from May. 2023 (€10.4 Mil) to Aug. 2023 (€9.5 Mil) and declined from Aug. 2023 (€9.5 Mil) to Nov. 2023 (€8.3 Mil).

CalAmp's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (€14.1 Mil) to Feb. 2022 (€11.8 Mil) and declined from Feb. 2022 (€11.8 Mil) to Feb. 2023 (€11.5 Mil).


CalAmp Long-Term Capital Lease Obligation Historical Data

The historical data trend for CalAmp'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.

* Premium members only.

CalAmp Long-Term Capital Lease Obligation Chart

CalAmp Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 22.26 14.11 11.79 11.50

CalAmp Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.16 11.50 10.38 9.52 8.32

CalAmp  (STU:CF30) 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.

CalAmp Long-Term Capital Lease Obligation Related Terms

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CalAmp (STU:CF30) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CalAmp Corp (STU:CF30) » Definitions » Long-Term Capital Lease Obligation
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15635 Alton Parkway, Suite 250, Irvine, CA, USA, 92618
CalAmp Corp provides wireless communications solutions applications to customers. The company's products, software, and application services are sold into a broad array of market verticals, including transportation, government, construction, and automotive to customers in the United States; Latin America; Europe the Middle East, and Africa; Asia-Pacific; and others. Its business activities are organized into its Telematics Systems and Software & Subscription Services. The Telematics Systems segment offers a series of Mobile Resource Management ('MRM') telematics products and applications. The software & Subscription Services segment offers cloud-based application enablement and telematics service platforms.

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