TPT Global Tech (TPT Global Tech) Long-Term Capital Lease Obligation : $0.63 Mil (As of Mar. 2024)

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What is TPT Global Tech Long-Term Capital Lease Obligation?

TPT Global Tech's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.63 Mil.

TPT Global Tech's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.79 Mil) to Dec. 2023 ($0.68 Mil) and declined from Dec. 2023 ($0.68 Mil) to Mar. 2024 ($0.63 Mil).

TPT Global Tech's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.98 Mil) to Dec. 2022 ($1.93 Mil) and declined from Dec. 2022 ($1.93 Mil) to Dec. 2023 ($0.68 Mil).

TPT Global Tech Long-Term Capital Lease Obligation Historical Data

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

TPT Global Tech Annual Data

Trend

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.01

2.87

2.98

1.93

0.68

TPT Global Tech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.20	0.99	0.79	0.68	0.63

TPT Global Tech (OTCPK:TPTW) 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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TPT Global Tech (TPT Global Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPT Global Tech Inc (OTCPK:TPTW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

501 West Broadway, Suite 800, San Diego, CA, USA, 92101

Website

https://www.tptglobaltech.com

TPT Global Tech Inc is engaged in the business of distribution of cell phones and telecommunications equipment. The company's operating segment includes TPT SpeedConnect; Blue Collar, and TPT MedTech and QuikLABS. It generates maximum revenue from the TPT SpeedConnect segment. The company offers offer Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over private IP MPLS fiber and wireless network in the United States. It also operates as a Master distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO).