SatixFy Communications (SatixFy Communications) Long-Term Capital Lease Obligation : $1.83 Mil (As of Mar. 2024)

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What is SatixFy Communications Long-Term Capital Lease Obligation?

SatixFy Communications's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.83 Mil.

SatixFy Communications's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($1.86 Mil) to Dec. 2023 ($2.07 Mil) but then declined from Dec. 2023 ($2.07 Mil) to Mar. 2024 ($1.83 Mil).

SatixFy Communications's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.98 Mil) to Dec. 2022 ($2.28 Mil) and declined from Dec. 2022 ($2.28 Mil) to Dec. 2023 ($2.07 Mil).

SatixFy Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for SatixFy Communications'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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SatixFy Communications Long-Term Capital Lease Obligation Chart

SatixFy Communications Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

3.47

2.98

2.28

2.07

SatixFy Communications Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						2.28	2.18	1.86	2.07	1.83

SatixFy Communications (AMEX:SATX) 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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SatixFy Communications (SatixFy Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SatixFy Communications Ltd (AMEX:SATX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

12 Hamada Street, Rehovot, ISR, 670315

Website

https://www.satixfy.com

SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.