Digi International (FRA:DGI) Long-Term Capital Lease Obligation : €11.6 Mil (As of Mar. 2024)

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What is Digi International Long-Term Capital Lease Obligation?

Digi International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €11.6 Mil.

Digi International's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€13.1 Mil) to Dec. 2023 (€12.2 Mil) and declined from Dec. 2023 (€12.2 Mil) to Mar. 2024 (€11.6 Mil).

Digi International's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€15.6 Mil) to Sep. 2022 (€17.1 Mil) but then declined from Sep. 2022 (€17.1 Mil) to Sep. 2023 (€13.1 Mil).

Digi International Long-Term Capital Lease Obligation Historical Data

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

Digi International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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13.75

15.61

17.15

13.11

Digi International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															14.50	13.65	13.11	12.23	11.56

Digi International (FRA:DGI) 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.

Digi International Long-Term Capital Lease Obligation Related Terms

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Digi International (FRA:DGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Digi International Inc (FRA:DGI) » Definitions » Long-Term Capital Lease Obligation

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DGII:USA DGI:Germany

Address

9350 Excelsior Boulevard, Suite 700, Hopkins, MN, USA, 55343

Website

https://www.digi.com

Digi International Inc is a Minnesota corporation. The company provides business and mission-critical and Internet of Things (IoT) connectivity products and services. It has two segments: IoT Products and Services and IoT Solutions. The IoT Products and Services segment consists of distinct communications products and communication product development services. IoT Solutions segment offers wireless temperature and other environmental condition monitoring services as well as employee task management services. The company generates majority of its revenue from the IoT Products & Services segment. Geographically, the company generates majority of its revenue from its business in the United States and also has its presence in Europe, Middle East and Africa and Rest of the world.