Maris Tech (Maris Tech) Long-Term Capital Lease Obligation : $0.32 Mil (As of Dec. 2023)

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What is Maris Tech Long-Term Capital Lease Obligation?

Maris Tech's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.32 Mil.

Maris Tech's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.44 Mil) to Jun. 2023 ($0.37 Mil) and declined from Jun. 2023 ($0.37 Mil) to Dec. 2023 ($0.32 Mil).

Maris Tech's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.44 Mil) but then declined from Dec. 2022 ($0.44 Mil) to Dec. 2023 ($0.32 Mil).

Maris Tech Long-Term Capital Lease Obligation Historical Data

The historical data trend for Maris Tech'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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Maris Tech Long-Term Capital Lease Obligation Chart

Maris Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.44

0.32

Maris Tech Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	0.50	0.44	0.37	0.32

Maris Tech (NAS:MTEK) 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.

Maris Tech Long-Term Capital Lease Obligation Related Terms

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Maris Tech (Maris Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maris Tech Ltd (NAS:MTEK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2 Yitzhak Modai Street, Rehovot, ISR, 7608804

Website

https://www.maris-tech.com

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution and sharing solutions and products, using high-end digital video, audio and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.