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Sage Group (The) (Sage Group (The)) Long-Term Capital Lease Obligation : $89 Mil (As of Sep. 2023)


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What is Sage Group (The) Long-Term Capital Lease Obligation?

Sage Group (The)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $89 Mil.

Sage Group (The)'s quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($88 Mil) to Mar. 2023 ($89 Mil) and increased from Mar. 2023 ($89 Mil) to Sep. 2023 ($89 Mil).

Sage Group (The)'s annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($113 Mil) to Sep. 2022 ($88 Mil) but then increased from Sep. 2022 ($88 Mil) to Sep. 2023 ($89 Mil).

Sage Group (The) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sage Group (The)'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.

Sage Group (The) Long-Term Capital Lease Obligation Chart

Sage Group (The) Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 120.47 112.64 88.34 89.11

Sage Group (The) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 112.64 102.77 88.34 88.59 89.11

Sage Group (The)  (OTCPK:SGGEF) 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.

Sage Group (The) Long-Term Capital Lease Obligation Related Terms

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Sage Group (The) (Sage Group (The)) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sage Group (The) PLC (OTCPK:SGGEF) » Definitions » Long-Term Capital Lease Obligation
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Address
C23 - 5 & 6 Cobalt Park Way, Cobalt Park, Newcastle upon Tyne, GBR, NE28 9EJ
Website
https://www.sage.com
The Sage Group is a U.K.-based provider of accounting and enterprise resource planning, or ERP, software, predominantly to customers in the U.S. and Europe. The company was founded in 1981 and historically sold on-premises software products with perpetual software licenses. However, the company is transitioning toward cloud connected and cloud native products, sold via software-as-a-service, or SaaS, contracts. Sage's main cloud native products include Sage Accounting, for small businesses, and Sage Intacct, which Sage acquired in 2017, for midsize businesses.