Matrix IT (XTAE:MTRX) Long-Term Capital Lease Obligation : ₪106 Mil (As of Dec. 2023)

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What is Matrix IT Long-Term Capital Lease Obligation?

Matrix IT's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪106 Mil.

Matrix IT's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₪96 Mil) to Sep. 2023 (₪95 Mil) but then increased from Sep. 2023 (₪95 Mil) to Dec. 2023 (₪106 Mil).

Matrix IT's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪66 Mil) to Dec. 2022 (₪76 Mil) and increased from Dec. 2022 (₪76 Mil) to Dec. 2023 (₪106 Mil).

Matrix IT Long-Term Capital Lease Obligation Historical Data

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

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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64.46

69.08

65.66

75.76

106.31

Matrix IT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															75.76	81.09	96.16	94.87	106.31

Matrix IT (XTAE:MTRX) 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.

Matrix IT Long-Term Capital Lease Obligation Related Terms

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Matrix IT (XTAE:MTRX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Long-Term Capital Lease Obligation

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Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.