Smartspace Software (LSE:SMRT) Long-Term Capital Lease Obligation : £0.23 Mil (As of Jul. 2023)

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What is Smartspace Software Long-Term Capital Lease Obligation?

Smartspace Software's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2023 was £0.23 Mil.

Smartspace Software's quarterly Long-Term Capital Lease Obligation increased from Jul. 2022 (£0.01 Mil) to Jan. 2023 (£0.23 Mil) but then stayed the same from Jan. 2023 (£0.23 Mil) to Jul. 2023 (£0.23 Mil).

Smartspace Software's annual Long-Term Capital Lease Obligation declined from Jan. 2021 (£0.11 Mil) to Jan. 2022 (£0.04 Mil) but then increased from Jan. 2022 (£0.04 Mil) to Jan. 2023 (£0.23 Mil).

Smartspace Software Long-Term Capital Lease Obligation Historical Data

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

Smartspace Software Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

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0.13

0.11

0.04

0.23

Smartspace Software Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.07	0.04	0.01	0.23	0.23

Smartspace Software (LSE:SMRT) 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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Smartspace Software (LSE:SMRT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Smartspace Software PLC (LSE:SMRT) » Definitions » Long-Term Capital Lease Obligation

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Address

4 Fordham House Court, Fordham House Estate, Fordham, Cambridgeshire, GBR, CB7 5LL

Website

https://www.smartspaceplc.com

Smartspace Software PLC is engaged in the development and sale of software products. It is also engaged in the sale and installation of audio-visual hardware products. It operates through the following segments SwipedOn, and Space Connect. The firm generates the majority of revenue from the SwipedOn segment which is engaged in the sale and support of self-service visitor management software to customers throughout the world.