Simpple (Simpple) Long-Term Capital Lease Obligation : $0.16 Mil (As of Dec. 2022)

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What is Simpple Long-Term Capital Lease Obligation?

Simpple's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.16 Mil.

Simpple's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.03 Mil) to Jun. 2022 ($0.06 Mil) and increased from Jun. 2022 ($0.06 Mil) to Dec. 2022 ($0.16 Mil).

Simpple's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($0.16 Mil) but then declined from Dec. 2022 ($0.16 Mil) to Dec. 2023 ($0.07 Mil).

Simpple Long-Term Capital Lease Obligation Historical Data

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

Simpple Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.09

0.03

0.16

0.07

Simpple Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	0.03	0.06	0.16	0.07

Simpple (NAS:SPPL) 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.

Simpple Long-Term Capital Lease Obligation Related Terms

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Simpple (Simpple) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Simpple Ltd (NAS:SPPL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

No. 03-07, 71 Ayer Rajah Crescent, Singapore, SGP, 139951

Website

https://www.simpple.com.sg

Simpple Ltd delivers an ecosystem solution that combines Internet-of-Things devices, robotic solutions and an integrated software system operating in unison to position buildings to be future-ready.

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