Sofwave Medical (XTAE:SOFW) Long-Term Capital Lease Obligation : ₪2.5 Mil (As of Jun. 2024)

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What is Sofwave Medical Long-Term Capital Lease Obligation?

Sofwave Medical's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₪2.5 Mil.

Sofwave Medical's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (₪2.9 Mil) to Mar. 2024 (₪2.6 Mil) and declined from Mar. 2024 (₪2.6 Mil) to Jun. 2024 (₪2.5 Mil).

Sofwave Medical's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₪6.6 Mil) to Dec. 2022 (₪5.0 Mil) and declined from Dec. 2022 (₪5.0 Mil) to Dec. 2023 (₪2.9 Mil).

Sofwave Medical Long-Term Capital Lease Obligation Historical Data

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

Sofwave Medical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.14

6.65

5.03

2.90

Sofwave Medical Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								4.46	3.84	2.90	2.58	2.55

Sofwave Medical (XTAE:SOFW) 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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Sofwave Medical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sofwave Medical Ltd (XTAE:SOFW) » Definitions » Long-Term Capital Lease Obligation

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Address

Oak Medtech, Tavor, Alon Medtech Venture, Yokneam Illit, ISR, 2069200

Website

https://sofwave.com

Sofwave Medical Ltd is engaged in the development, marketing, and production of non-invasive technology for skin rejuvenation and firming treatment.

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