Posera (TSX:PAY) Long-Term Capital Lease Obligation : C$0.11 Mil (As of Sep. 2019)

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What is Posera Long-Term Capital Lease Obligation?

Posera's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$0.11 Mil.

Posera's quarterly Long-Term Capital Lease Obligation declined from Mar. 2019 (C$0.11 Mil) to Jun. 2019 (C$0.09 Mil) but then increased from Jun. 2019 (C$0.09 Mil) to Sep. 2019 (C$0.11 Mil).

Posera's annual Long-Term Capital Lease Obligation declined from Dec. 2016 (C$0.04 Mil) to Dec. 2017 (C$0.00 Mil) but then stayed the same from Dec. 2017 (C$0.00 Mil) to Dec. 2018 (C$0.00 Mil).

Posera Long-Term Capital Lease Obligation Historical Data

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

Posera Annual Data

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Long-Term Capital Lease Obligation

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0.04

Posera Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.01	-	0.11	0.09	0.11

Posera (TSX:PAY) 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.

Posera Long-Term Capital Lease Obligation Related Terms

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Posera (TSX:PAY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Posera Ltd (TSX:PAY) » Definitions » Long-Term Capital Lease Obligation

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Address

341 Talbot Street, London, ON, CAN, N6A 2R5

Website

https://www.posera.com

Posera Ltd is a Canada-based company, which is engaged in the business of managing merchant transactions with consumers and facilitating payments. The company develops and deploys touch screen point-of-sale (POS) system software and associated enterprise management tools and provides system hardware integration services, merchant staff training, system installation services and post-sale software and hardware support services. It derives most of its revenues from North America.