TruGolf Holdings (TruGolf Holdings) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is TruGolf Holdings Long-Term Capital Lease Obligation?

TruGolf Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

TruGolf Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.84 Mil) to Sep. 2023 ($0.76 Mil) and declined from Sep. 2023 ($0.76 Mil) to Dec. 2023 ($0.00 Mil).

TruGolf Holdings's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.02 Mil) and increased from Dec. 2021 ($0.02 Mil) to Dec. 2022 ($0.51 Mil).

TruGolf Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for TruGolf Holdings'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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TruGolf Holdings Long-Term Capital Lease Obligation Chart

TruGolf Holdings Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

0.02

0.51

TruGolf Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				0.51	-	0.84	0.76	-

TruGolf Holdings (NAS:TRUG) 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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TruGolf Holdings (TruGolf Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TruGolf Holdings Inc (NAS:TRUG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 North 1400 West, Centerville, UT, USA, 84014

Website

https://www.trugolf.com

TruGolf Inc is among the leading golf simulator manufacturers and distributors of golf simulator equipment, including software and hardware, and is in the process of developing a new line of next-generation golf simulator products that aims to revolutionize the virtual golf experience. The primary business of the company is the manufacturing and sale of indoor golf simulator hardware under its TruGolf brand, which includes TruGolf's E6 Connect premier software, as well as selling its E6 Connect software individually.

TruGolf Holdings (TruGolf Holdings) Headlines

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