Serko (ASX:SKO) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Sep. 2023)

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What is Serko Long-Term Capital Lease Obligation?

Serko's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.00 Mil.

Serko's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (A$0.00 Mil) to Mar. 2023 (A$1.88 Mil) but then declined from Mar. 2023 (A$1.88 Mil) to Sep. 2023 (A$0.00 Mil).

Serko's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (A$0.36 Mil) to Mar. 2022 (A$2.01 Mil) but then declined from Mar. 2022 (A$2.01 Mil) to Mar. 2023 (A$1.88 Mil).

Serko Long-Term Capital Lease Obligation Historical Data

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

Serko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.04

0.36

2.01

1.88

Serko Semi-Annual Data
	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														-	2.01	-	1.88	-

Serko (ASX:SKO) 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.

Serko Long-Term Capital Lease Obligation Related Terms

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Serko (ASX:SKO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Serko Ltd (ASX:SKO) » Definitions » Long-Term Capital Lease Obligation

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SKO:New Zealand

Address

125 The Strand Parnell, Unit 14D, Saatchi Building, Auckland, NZL, 1010

Website

https://www.serko.com

Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company's products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of revenue from Australia and also has a presence in New Zealand, US, India, Singapore and Other. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms.

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