Legacy Education Alliance (Legacy Education Alliance) Long-Term Capital Lease Obligation : $0.02 Mil (As of Sep. 2023)

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What is Legacy Education Alliance Long-Term Capital Lease Obligation?

Legacy Education Alliance's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.02 Mil.

Legacy Education Alliance's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.03 Mil) to Jun. 2023 ($0.02 Mil) but then stayed the same from Jun. 2023 ($0.02 Mil) to Sep. 2023 ($0.02 Mil).

Legacy Education Alliance's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.02 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.05 Mil).

Legacy Education Alliance Long-Term Capital Lease Obligation Historical Data

The historical data trend for Legacy Education Alliance'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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Legacy Education Alliance Long-Term Capital Lease Obligation Chart

Legacy Education Alliance Annual Data

Trend

Sep13

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.03

0.02

0.05

Legacy Education Alliance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.05	0.03	0.02	0.02

Legacy Education Alliance (OTCPK:LEAI) 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.

Legacy Education Alliance Long-Term Capital Lease Obligation Related Terms

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Legacy Education Alliance (Legacy Education Alliance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Legacy Education Alliance Inc (OTCPK:LEAI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1490 NE Pine Island Road, Suite 5D, Cape Coral, FL, USA, 33909

Website

https://www.legacyeducationalliance.com

Legacy Education Alliance Inc is engaged in the provision of educational training seminars, conferences, and services. It offers comprehensive instruction and mentorship in the areas of personal finance, entrepreneurship, real estate investing strategies, and techniques. Some of its brands are Homemade Investor, and Building Wealth with Legacy. Its geographical segments are North America, the United Kingdom, and Other foreign markets, of which the majority of its revenue comes from North America.

Executives

Barry Kostiner	director	C/O AMERI HOLDINGS, INC., 5000 RESEARCH COURT, SUITE 750, SUWANEE GA 30024
Michel Botbol	director, officer: Chief Executive Officer	1490 N. E. PINE ISLAND RD., SUITE 5D, CAPE CORAL FL 33909
Legacy Tech Partners, Llc	10 percent owner	1 N SHERRI LANE, SPRING VALLEY NY 10977
Peter W Harper	director	C/O SUNTRON CORP, 2501 WEST GRANDVIEW ROAD, PHOENIX AZ 85023
Anthony C. Humpage	director, 10 percent owner	1612 EAST CAPE CORAL PKWY, LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Vanessa Guzman-clark	officer: Chief Financial Officer	1831 SOUTHWEST 6TH AVENUE, CAPE CORAL FL 33991
Martin Foster	officer: Co-President	50 VALE ROAD, WINDSOR X0 SL4 5LA
Cary Sucoff	director	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Fredrick Dummar	officer: Senior Vice President & NEO	1612 EAST CAPE CORAL PKWY, 1, CAPE CORAL FL 33904
Christian Baeza	officer: Chief Financial Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
James K Bass	director, officer: Chairman of the Board	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
James E. May	officer: Executive Vice President	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
Iain Edwards	officer: Chief Operating Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904