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CurveBeam AI (ASX:CVB) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)


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What is CurveBeam AI Long-Term Capital Lease Obligation?

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

CurveBeam AI's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.85 Mil) but then declined from Jun. 2023 (A$0.85 Mil) to Dec. 2023 (A$0.00 Mil).

CurveBeam AI's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2021 (A$0.00 Mil) to Jun. 2022 (A$0.00 Mil) but then increased from Jun. 2022 (A$0.00 Mil) to Jun. 2023 (A$0.85 Mil).


CurveBeam AI Long-Term Capital Lease Obligation Historical Data

The historical data trend for CurveBeam AI'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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CurveBeam AI Long-Term Capital Lease Obligation Chart

CurveBeam AI Annual Data
Trend Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
- - 0.85

CurveBeam AI Semi-Annual Data
Jun21 Dec21 Jun22 Jun23 Dec23
Long-Term Capital Lease Obligation - - - 0.85 -

CurveBeam AI  (ASX:CVB) 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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CurveBeam AI (ASX:CVB) Business Description

Traded in Other Exchanges
N/A
Address
10?16 Queen Street, Level 10, Melbourne, VIC, AUS, 3000
CurveBeam AI Ltd is a manufacturer of specialized imaging equipment that has developed software that, through the use of artificial intelligence (AI), and deep learning AI (DLAI), automates the scan processing and analysis of the high-quality images produced from the Company's CT devices to assist in the clinical assessment and management of musculoskeletal health conditions, with a focus on orthopedic and bone health issues. The Company is the first to market with natural bilateral weight-bearing and non-weight-bearing CT, point-of-care imaging equipment with targeted proprietary AI solutions.

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