Sylogist (TSX:SYZ) Long-Term Capital Lease Obligation : C$0.24 Mil (As of Dec. 2023)

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What is Sylogist Long-Term Capital Lease Obligation?

Sylogist's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.24 Mil.

Sylogist's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$0.37 Mil) to Sep. 2023 (C$0.31 Mil) and declined from Sep. 2023 (C$0.31 Mil) to Dec. 2023 (C$0.24 Mil).

Sylogist's annual Long-Term Capital Lease Obligation increased from Sep. 2020 (C$0.12 Mil) to Sep. 2021 (C$0.57 Mil) but then declined from Sep. 2021 (C$0.57 Mil) to Dec. 2023 (C$0.24 Mil).

Sylogist Long-Term Capital Lease Obligation Historical Data

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

Sylogist Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec23

Long-Term Capital Lease Obligation

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0.12

0.57

0.24

Sylogist Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.37	0.43	0.37	0.31	0.24

Sylogist (TSX:SYZ) 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.

Sylogist Long-Term Capital Lease Obligation Related Terms

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Sylogist (TSX:SYZ) Business Description

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

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SYZLF:USA

Address

5 Richard Way S.W., Suite 102, Calgary, AB, CAN, T3E 7M8

Website

https://www.sylogist.com

Sylogist Ltd is a software company that provides Enterprise Resource Planning solutions, including fund accounting, grant management, and payroll to public service organizations. The only segment is Public Sector. Its solutions include Serenic Navigator for K-12 Education, Serenic Navigator for Nonprofit Organizations, NaviPayroll, NaviTrak, NaviView, NaviNet, NaviBridge, and others. It receives maximum revenue in the form of cloud subscriptions. Geographically, the company offers its services to the United States of America, Canada, and the United Kingdom region. The majority of the revenue comes from the United States of America.

Executives

Errol Olsen

Director

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