SMX (Security Matters) (SMX (Security Matters)) Long-Term Capital Lease Obligation : $0.41 Mil (As of Dec. 2023)

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What is SMX (Security Matters) Long-Term Capital Lease Obligation?

SMX (Security Matters)'s Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.41 Mil.

SMX (Security Matters)'s quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($0.44 Mil) to Jun. 2023 ($0.40 Mil) but then increased from Jun. 2023 ($0.40 Mil) to Dec. 2023 ($0.41 Mil).

SMX (Security Matters)'s annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.47 Mil) to Dec. 2022 ($0.44 Mil) and declined from Dec. 2022 ($0.44 Mil) to Dec. 2023 ($0.41 Mil).

SMX (Security Matters) Long-Term Capital Lease Obligation Historical Data

The historical data trend for SMX (Security Matters)'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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SMX (Security Matters) Long-Term Capital Lease Obligation Chart

SMX (Security Matters) Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.53

0.47

0.44

0.41

SMX (Security Matters) Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.47	0.46	0.44	0.40	0.41

SMX (Security Matters) (NAS:SMX) 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.

SMX (Security Matters) Long-Term Capital Lease Obligation Related Terms

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SMX (Security Matters) (SMX (Security Matters)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SMX (Security Matters) PLC (NAS:SMX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sussex Road, Mespil Business Centre, Mespil House, Dublin, IRL, D04 T4A6

Website

https://smx.tech/home

SMX (Security Matters) PLC provides one solution to solve both authentication and track and trace challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader, and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer.