Tower One Wireless (Tower One Wireless) Long-Term Capital Lease Obligation : $2.10 Mil (As of Sep. 2022)

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What is Tower One Wireless Long-Term Capital Lease Obligation?

Tower One Wireless's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $2.10 Mil.

Tower One Wireless's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 ($1.76 Mil) to Jun. 2022 ($1.84 Mil) and increased from Jun. 2022 ($1.84 Mil) to Sep. 2022 ($2.10 Mil).

Tower One Wireless's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($1.90 Mil) to Dec. 2020 ($1.24 Mil) but then increased from Dec. 2020 ($1.24 Mil) to Dec. 2021 ($1.67 Mil).

Tower One Wireless Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tower One Wireless'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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Tower One Wireless Long-Term Capital Lease Obligation Chart

Tower One Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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1.90

1.24

1.67

Tower One Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.93	1.67	1.76	1.84	2.10

Tower One Wireless (OTCPK:TOWTF) 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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Tower One Wireless (Tower One Wireless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tower One Wireless Corp (OTCPK:TOWTF) » Definitions » Long-Term Capital Lease Obligation

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Address

535 Howe Street, Suite 600, Vancouver, BC, CAN, V6C 2Z4

Website

https://www.toweronewireless.com

Tower One Wireless Corp is a Canada-based company which is a tower owner, operator, and developer of multitenant communications structures. Its primary business is the leasing of space on communications sites to mobile network operators. The company's geographical segments include Argentina; Colombia; Mexico; the United States of America and others. It derives a majority of revenue from Colombia. Tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the company's site leasing business, including the addition of new tenants and equipment on its sites.