Sea (SE) Long-Term Capital Lease Obligation

: $790 Mil (As of Dec. 2023)

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Sea's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $790 Mil.

Sea's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($787 Mil) to Sep. 2023 ($795 Mil) but then declined from Sep. 2023 ($795 Mil) to Dec. 2023 ($790 Mil).

Sea's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($498 Mil) to Dec. 2022 ($769 Mil) and increased from Dec. 2022 ($769 Mil) to Dec. 2023 ($790 Mil).

Sea Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sea'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.

* Premium members only.

Sea Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

149.31

177.96

498.34

768.66

789.51

Sea Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																768.66	771.53	786.96	794.65	789.51

Sea (NYSE:SE) 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.

Sea Long-Term Capital Lease Obligation Related Terms

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Sea (SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sea Ltd (NYSE:SE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SE:Mexico 0A3T:UK 931:Germany 931:Germany S2EA34:Brazil

Address

1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522

Website

https://www.sea.com

Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea's third business, SeaMoney, provides mostly credit lending.