5G Networks (5G Networks) Long-Term Capital Lease Obligation : $8.88 Mil (As of Jun. 2023)

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What is 5G Networks Long-Term Capital Lease Obligation?

5G Networks's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $8.88 Mil.

5G Networks's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 ($5.18 Mil) to Jun. 2022 ($10.39 Mil) but then declined from Jun. 2022 ($10.39 Mil) to Jun. 2023 ($8.88 Mil).

5G Networks's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($5.18 Mil) to Jun. 2022 ($10.39 Mil) but then declined from Jun. 2022 ($10.39 Mil) to Jun. 2023 ($8.88 Mil).

5G Networks Long-Term Capital Lease Obligation Historical Data

The historical data trend for 5G Networks'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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5G Networks Long-Term Capital Lease Obligation Chart

5G Networks Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun22

Jun23

Long-Term Capital Lease Obligation

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8.93

5.18

10.39

8.88

5G Networks Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Jun22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	8.93	5.18	10.39	8.88

5G Networks (OTCPK:MLBEF) 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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5G Networks (5G Networks) Business Description

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5GN:Australia

Address

505 Little Collins Street, Level 7, Melbourne, VIC, AUS, 3000

Website

https://www.webcentral.com.au

Webcentral Ltd is an Australia-based digital services company engaged in providing domain management, website development and hosting, office and productivity applications, and online marketing. The company's segment includes Data Centres, Networks and Cloud Applications; Managed Services and Webcentral. It generates maximum revenue from the Webcentral segment, which provides Webcentral domains, email, web hosting and digital marketing business.