PRGX Global (PRGX Global) Long-Term Capital Lease Obligation : $6.5 Mil (As of Sep. 2020)

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What is PRGX Global Long-Term Capital Lease Obligation?

PRGX Global's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2020 was $6.5 Mil.

PRGX Global's quarterly Long-Term Capital Lease Obligation increased from Mar. 2020 ($6.4 Mil) to Jun. 2020 ($7.4 Mil) but then declined from Jun. 2020 ($7.4 Mil) to Sep. 2020 ($6.5 Mil).

PRGX Global's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 ($0.0 Mil) to Dec. 2018 ($0.0 Mil) but then increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($7.4 Mil).

PRGX Global Long-Term Capital Lease Obligation Historical Data

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

PRGX Global Annual Data

Trend

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Long-Term Capital Lease Obligation

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7.44

PRGX Global Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.57	7.44	6.39	7.37	6.48

PRGX Global (NAS:PRGX) 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.

PRGX Global Long-Term Capital Lease Obligation Related Terms

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PRGX Global (PRGX Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PRGX Global Inc (NAS:PRGX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Galleria Parkway, Suite 100, Atlanta, GA, USA, 30339-5986

Website

https://www.prgx.com

PRGX Global Inc is engaged in providing recovery audit and spends analytics service. Its services include recovery audit, spend analytics and supplier information management services. The company conducts its operations through three reportable segments: Recovery Audit Services - Americas, Recovery Audit Services - Europe/Asia-Pacific and Adjacent Services. The Recovery Audit Services - Americas segment are the largest segment in terms of clients served and revenue generated. The Recovery Audit Services - Europe/Asia-Pacific segment represents recovery audit services provided in Europe, Asia, and the Pacific region. Adjacent Services offerings are generally provided to clients on a global basis. The vast majority of the firm's revenue comes from recovery audit.

Executives

Matthew A Drapkin	director	10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820
Mylle H Mangum	director	3231 S E SIXTH AVENUE, TOPEKA KS 66607
Kevin Costello	director	C/O ARIBA INC, 807 11TH AVENUE, SUNNYVALE CA 94089
Joseph E Whitters	director
William F Kimble	director	6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237
Simone C Walsh	officer: Controller	600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
Kurt Abkemeier	officer: Chief Financial Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Victor A Allums	officer: SVP & General Counsel	600 GALLERIA PKWY SE SUITE 100 ATLANTA GA 30339
Ronald E. Stewart	director, officer: President & CEO	5360 LONG ISLAND DRIVE ATLANTA GA 30327
Gregory J Owens	director, officer: Executive Chairman	2755 CAMPUS DR 3RD FL SAN MATEO CA 94403-2538
Michael Cochrane	officer: SVP, COO - Global Audit Oper.	600 GALLERIA PARKWAY SUITE 100 ATLANTA GA 30342
Headlands Strategic Opportunities Fund, Lp (the Partnership)	10 percent owner	ONE EMBARCADERO CENTER SUITE 1600 SAN FRANCISCO CA 94111
Headlands Capital Management, Llc	other: General Partner of 10% Owner	ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111
Cost David W Jr	other: Member of investment committee	ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111
Park David E Iii	other: Member of investment committee	ONE FERRY BUILDING SUITE 255 SAN FRANCISCO CA 94111