Pax Global Technology (Pax Global Technology) Long-Term Capital Lease Obligation : $10.8 Mil (As of Dec. 2023)

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What is Pax Global Technology Long-Term Capital Lease Obligation?

Pax Global Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.8 Mil.

Pax Global Technology's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($8.4 Mil) to Jun. 2023 ($8.4 Mil) but then increased from Jun. 2023 ($8.4 Mil) to Dec. 2023 ($10.8 Mil).

Pax Global Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($10.9 Mil) to Dec. 2022 ($8.4 Mil) but then increased from Dec. 2022 ($8.4 Mil) to Dec. 2023 ($10.8 Mil).

Pax Global Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pax Global Technology'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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Pax Global Technology Long-Term Capital Lease Obligation Chart

Pax Global Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.30

12.10

10.85

8.42

10.80

Pax Global Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.85	9.07	8.42	8.41	10.80

Pax Global Technology (OTCPK:PXGYF) 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.

Pax Global Technology Long-Term Capital Lease Obligation Related Terms

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Pax Global Technology (Pax Global Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pax Global Technology Ltd (OTCPK:PXGYF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

00327:Hong Kong P8X:Germany

Address

30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.paxglobal.com.hk

Pax Global Technology Ltd sells a variety of electronic payment devices. The company's products can be organized into three categories based on product type. The E-payment terminals, which generate the majority of revenue, are wireless handheld devices that enable users to pay through the swipe through or insert of a credit or debit card. The E-payment terminals are used by restaurants and retailers. The consumer activated devices are used to support a variety of connection options for the E-payment terminals. Contactless devices enable users to pay without having to swipe or insert a card.

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