Otonomo Technologies (Otonomo Technologies) Long-Term Capital Lease Obligation : $0.85 Mil (As of Jun. 2023)

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What is Otonomo Technologies Long-Term Capital Lease Obligation?

Otonomo Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.85 Mil.

Otonomo Technologies's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($1.23 Mil) to Mar. 2023 ($1.01 Mil) and declined from Mar. 2023 ($1.01 Mil) to Jun. 2023 ($0.85 Mil).

Otonomo Technologies's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($1.23 Mil).

Otonomo Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Otonomo Technologies'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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Otonomo Technologies Long-Term Capital Lease Obligation Chart

Otonomo Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1.23

Otonomo Technologies Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							1.93	-	1.23	1.01	0.85

Otonomo Technologies (NAS:OTMOW) 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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Otonomo Technologies (Otonomo Technologies) Business Description

Industry

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Address

16 Abba Eban Boulevard, Herzliya Pituach, ISR, 467256

Website

https://www.otonomo.io

Otonomo Technologies Ltd is a provider of vehicle data. It delivers the Otonomo Vehicle Data Platform and marketplace that enables car manufacturers, drivers, and service providers to be part of a connected ecosystem. Its vehicle data marketplace is a neutral intermediary between vehicle data providers and data consumers. It provides secure and equal access to hundreds of data attributes that reveal insights into driver behaviour, vehicle health, road hazards, environmental conditions, and traffic trends. Geographically it operates in APAC, and USA whilst earning key revenue from the EMEA region.