Benefytt Technologies (Benefytt Technologies) Long-Term Capital Lease Obligation : $14.5 Mil (As of Jun. 2020)

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What is Benefytt Technologies Long-Term Capital Lease Obligation?

Benefytt Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $14.5 Mil.

Benefytt Technologies's quarterly Long-Term Capital Lease Obligation increased from Dec. 2019 ($0.0 Mil) to Mar. 2020 ($15.0 Mil) but then declined from Mar. 2020 ($15.0 Mil) to Jun. 2020 ($14.5 Mil).

Benefytt Technologies Long-Term Capital Lease Obligation Historical Data

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

Benefytt Technologies Annual Data

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Long-Term Capital Lease Obligation

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Benefytt Technologies Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	14.97	14.45

Benefytt Technologies (NAS:BFYT) 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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Benefytt Technologies (Benefytt Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Benefytt Technologies Inc (NAS:BFYT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

GTS PFHO UNH CVS CI ANTM HUM CNC MOH BSP:GNDI3 MGLN BSP:ODPV3 SZSE:000503 BSP:QUAL3 ROCO:6665 MIL:HI OSTO:FEEL TSXV:NXG

Traded in Other Exchanges

N/A

Address

3450 Buschwood Park Drive, Suite 200, Tampa, FL, USA, 33618

Website

https://www.benefytt.com

Benefytt Technologies Inc is a health insurance technology company. It is engaged in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. Its reportable segments are Medicare and IFP. The Medicare segment consists of consumer engagement activities which generate leads that the company sells to third-parties whereas, the IFP segment focuses on the sale and service of individual and family health insurance plans which includes short-term medical insurance plans and health benefit insurance plans. The firm also offers supplemental products which include additional insurance and non-insurance products.

Executives

Peggy Scott	director	15438 NORTH FLORIDA AVENUE, SUITE 201, TAMPA FL 33613
John Fichthorn	director	C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004
Robert S Murley	director	4025 S. RIVERPOINT PARKWAY, M/S CF-K815, PHOENIX AZ 85040
Erik M Helding	officer: Chief Financial Officer	11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Paul G Gabos	director	19387 US 19 N, CLEARWATER FL 33764
Bruce Telkamp	officer: CEO of HealthPocket, Inc.*	440 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Sheldon Wang	officer: Chief Technology Officer	440 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043
Cannell Capital Llc	10 percent owner	245 MERIWETHER CIRCLE, ALTA WY 83414
Patrick Mcnamee	director, officer: CEO and President	C/O EXPRESS SCRIPTS, INC. 13900 RIVERPORT DRIVE MARYLAND HEIGHTS MO 63043
Dirk A Montgomery	officer: EVP & Chief Financial Officer	C/O HEALTH INSURANCE INNOVATIONS, INC., 15438 N. FLORIDA AVE., SUITE 201, TAMPA FL 33613
Gordon Tunstall	director