Spire Global (Spire Global) Long-Term Capital Lease Obligation : $13.1 Mil (As of Dec. 2023)

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What is Spire Global Long-Term Capital Lease Obligation?

Spire Global's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.1 Mil.

Spire Global's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($12.5 Mil) to Sep. 2023 ($13.0 Mil) and increased from Sep. 2023 ($13.0 Mil) to Dec. 2023 ($13.1 Mil).

Spire Global's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($10.8 Mil) and increased from Dec. 2022 ($10.8 Mil) to Dec. 2023 ($13.1 Mil).

Spire Global Long-Term Capital Lease Obligation Historical Data

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

Spire Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

10.82

13.08

Spire Global Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									10.82	11.52	12.51	13.05	13.08

Spire Global (NYSE:SPIR) 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.

Spire Global Long-Term Capital Lease Obligation Related Terms

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Spire Global (Spire Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Spire Global Inc (NYSE:SPIR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EL9:Germany

Address

8000 Towers Crescent Drive, Suite 1100, Vienna, VA, USA, 22182

Website

https://www.spire.com

Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.

Executives

Boyd C. Johnson	officer: CLO and Corporate Secretary	8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Theresa Condor	director, officer: EVP, GM Spire Space Services	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Peter Platzer	director, officer: Chief Executive Officer	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Leonardo Basola	officer: Chief Financial Officer	8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Thomas Krywe	officer: Chief Financial Officer	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Joan Lordi Amble	director	AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
Jack Pearlstein	director	2525 NETWORK PLACE, HERNDON VA 20171
Dirk Hoke	director	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Elizabeth Ananda Martin	officer: General Counsel	8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
John F Lusk	officer: VP & GM, Global Data Services	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Keith E Johnson	officer: VP & General Manager, Federal	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William Porteous	director	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Stephen Messer	director	251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William P Crowell	other: See Remarks	41343 RASPBERRY DR, LEESBURG VA 20176
Six4 Holdings, Llc	other: See Remarks	12020 SUNRISE VALLEY DRIVE, SUITE 100, RESTON VA 20191