The Ultimate Software Group (The Ultimate Software Group) Long-Term Capital Lease Obligation : $7 Mil (As of Mar. 2019)

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What is The Ultimate Software Group Long-Term Capital Lease Obligation?

The Ultimate Software Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2019 was $7 Mil.

The Ultimate Software Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2018 ($6 Mil) to Dec. 2018 ($6 Mil) but then increased from Dec. 2018 ($6 Mil) to Mar. 2019 ($7 Mil).

The Ultimate Software Group's annual Long-Term Capital Lease Obligation increased from Dec. 2016 ($4 Mil) to Dec. 2017 ($4 Mil) and increased from Dec. 2017 ($4 Mil) to Dec. 2018 ($6 Mil).

The Ultimate Software Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Ultimate Software Group'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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The Ultimate Software Group Long-Term Capital Lease Obligation Chart

The Ultimate Software Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Long-Term Capital Lease Obligation

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3.36

3.67

3.99

4.48

5.74

The Ultimate Software Group Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.98	6.35	5.95	5.74	7.14

The Ultimate Software Group (NAS:ULTI) 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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The Ultimate Software Group (The Ultimate Software Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » The Ultimate Software Group Inc (NAS:ULTI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2000 Ultimate Way, Weston, FL, USA, 33326

Website

http://www.ultimatesoftware.com

The Ultimate Software Group is a provider of human capital management software solutions. The firm's UltiPro product suite includes human resources, payroll, and benefits management functionality, available in 12 languages and 35 country-specific localizations. Its solutions manage the complete employee lifecycle from recruitment to retirement, and include talent acquisition and onboarding, performance management, salary planning, budgeting, succession management, reporting, and analytical capabilities. The firm generates revenue through cloud subscription fees and implementation consulting services fees. All of the firm's revenue is generated in the United States and Canada.

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