Inseego (Inseego) Long-Term Capital Lease Obligation : $4.8 Mil (As of Mar. 2024)

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What is Inseego Long-Term Capital Lease Obligation?

Inseego's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.8 Mil.

Inseego's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.0 Mil) to Dec. 2023 ($5.0 Mil) but then declined from Dec. 2023 ($5.0 Mil) to Mar. 2024 ($4.8 Mil).

Inseego's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($5.9 Mil) but then declined from Dec. 2022 ($5.9 Mil) to Dec. 2023 ($5.0 Mil).

Inseego Long-Term Capital Lease Obligation Historical Data

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

Inseego Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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5.90

5.04

Inseego 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															-	-	-	5.04	4.77

Inseego (NAS:INSG) 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.

Inseego Long-Term Capital Lease Obligation Related Terms

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Inseego (Inseego) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inseego Corp (NAS:INSG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

INO:Germany INO:Germany

Address

9710 Scranton Road, Suite 200, Suite 200, CA, USA, 92121

Website

https://www.inseego.com

Inseego Corp is into the design and development of fixed and mobile wireless solutions (advanced 4G and 5G NR), Industrial Internet of Things and cloud solutions for enterprises, service providers, small and medium-sized businesses, governments, and consumers around the globe. The product portfolio consists of fixed and mobile device-to-cloud solutions that provide secure end-to-end IoT services with deep business intelligence. The Company's products and services include intelligent mobile hotspots, wireless routers for IoT applications, USB modems, integrated telematics and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to easily analyze data insights and configure and manage their hardware.

Executives

Tavistock Financial, Llc	10 percent owner	9350 CONROY WINDERMERE ROAD, WINDERMERE FL 34786
Joseph Lewis	10 percent owner	PO BOX N7776, LYFORD BAHAMAS
Philip G Brace	director	LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Steven Gatoff	officer: Chief Financial Officer	C/O INSEEGO CORP, 9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121
Dan Mondor	officer: President and CEO	4375 RIVER GREEN PARKWAY, SUITE 100, DULUTH GA 30096
Ashish Sharma	officer: President IoT & Mobile	9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121
Christopher H. Lytle	director	9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121
Robert G Barbieri	officer: Chief Financial Officer	380 ST. PETER STREET, ST. PAUL MN 55102
Stephanie Lynne Bowers	director	9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121
Doug Kahn	officer: EVP of Operations	9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121
Wei Ding	officer: VP Accounting, Controller	9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121
Craig L Foster	officer: Chief Financial Officer	2580 ORCHARD PARKWAY, SAN JOSE CA 95131
Braslyn Ltd.	10 percent owner	CAY HOUSE, EP TAYLOR DRIVE N7776, LYFORD CAY, NEW PROVIDENCE C5 00000
Brian Miller	director, 10 percent owner	115 EAST PUTNAM AVENUE, GREENWICH CT 06830
Stephen M Smith	officer: Chief Financial Officer