Smart Employee Benefits (TSXV:SEB) Long-Term Capital Lease Obligation : C$6.41 Mil (As of Aug. 2022)

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What is Smart Employee Benefits Long-Term Capital Lease Obligation?

Smart Employee Benefits's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2022 was C$6.41 Mil.

Smart Employee Benefits's quarterly Long-Term Capital Lease Obligation declined from Feb. 2022 (C$5.35 Mil) to May. 2022 (C$5.21 Mil) but then increased from May. 2022 (C$5.21 Mil) to Aug. 2022 (C$6.41 Mil).

Smart Employee Benefits's annual Long-Term Capital Lease Obligation increased from Nov. 2019 (C$0.05 Mil) to Nov. 2020 (C$6.17 Mil) but then declined from Nov. 2020 (C$6.17 Mil) to Nov. 2021 (C$5.49 Mil).

Smart Employee Benefits Long-Term Capital Lease Obligation Historical Data

The historical data trend for Smart Employee Benefits'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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Smart Employee Benefits Long-Term Capital Lease Obligation Chart

Smart Employee Benefits Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Long-Term Capital Lease Obligation

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0.09

0.03

0.05

6.17

5.49

Smart Employee Benefits Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.62	5.49	5.35	5.21	6.41

Smart Employee Benefits (TSXV:SEB) 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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Smart Employee Benefits (TSXV:SEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Employee Benefits Inc (TSXV:SEB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

5500 Explorer Drive, 4th Floor, Mississauga, ON, CAN, L4W 5C7

Website

https://www.seb-inc.com

Smart Employee Benefits Inc is a Canadian technology company providing software-enabled services in the areas of healthcare transaction processing, software solutions, and professional services for corporate and government clients. The company's business segments are Benefits and Technology. Its Benefits segment provides software, solutions, services, and products focused on managing group benefit and wellness solutions and healthcare claims processing environments for corporate and government clients. The Technology segment provides solutions in the areas of supply change management, integration, and energy, as well as training and resource provisioning. It earns most of its revenue from the Technology segment.