Magnet Forensics (Magnet Forensics) Long-Term Capital Lease Obligation : $4.58 Mil (As of Dec. 2022)

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What is Magnet Forensics Long-Term Capital Lease Obligation?

Magnet Forensics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $4.58 Mil.

Magnet Forensics's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.87 Mil) to Sep. 2022 ($4.78 Mil) but then declined from Sep. 2022 ($4.78 Mil) to Dec. 2022 ($4.58 Mil).

Magnet Forensics's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($6.77 Mil) to Dec. 2021 ($5.85 Mil) and declined from Dec. 2021 ($5.85 Mil) to Dec. 2022 ($4.58 Mil).

Magnet Forensics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Magnet Forensics'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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Magnet Forensics Long-Term Capital Lease Obligation Chart

Magnet Forensics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1.29

6.21

6.77

5.85

4.58

Magnet Forensics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									5.85	5.70	0.87	4.78	4.58

Magnet Forensics (OTCPK:MAGTF) 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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Magnet Forensics (Magnet Forensics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magnet Forensics Inc (OTCPK:MAGTF) » Definitions » Long-Term Capital Lease Obligation

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Address

2220 University Avenue East, Suite 300, Waterloo, ON, CAN, N2K0A8

Website

https://www.magnetforensics.com

Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.