Emerge Commerce (Emerge Commerce) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)

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What is Emerge Commerce Long-Term Capital Lease Obligation?

Emerge Commerce's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Emerge Commerce's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($0.01 Mil) to Jun. 2023 ($0.00 Mil) but then stayed the same from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($0.00 Mil).

Emerge Commerce's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.08 Mil) to Dec. 2021 ($0.03 Mil) and declined from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($0.00 Mil).

Emerge Commerce Long-Term Capital Lease Obligation Historical Data

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

Emerge Commerce Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.14

0.08

0.03

Emerge Commerce Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												-	-	0.01	-	-

Emerge Commerce (OTCPK:EMCMF) 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.

Emerge Commerce Long-Term Capital Lease Obligation Related Terms

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Emerge Commerce (Emerge Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Emerge Commerce Ltd (OTCPK:EMCMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ECOM:Canada

Address

355 Adelaide Street West, Suite 400, Toronto, ON, CAN, M5V 1S2

Website

https://www.emerge-commerce.com

Emerge Commerce Ltd is a diversified, rapidly growing acquirer and operator of e-commerce brands. The firm's network of subscription and marketplace e-commerce sites provide its members with access to pet products, premium meat and groceries, outdoor gear, golf and other experiences. Its e-commerce portfolio includes WholesalePet.com, trulocal.ca, BattlBox.com, UnderPar.com, JustGolfStuff.ca, CarinvoreClub.co, WagJag.com, and BeRightBack.ca. Geographically, the company operates in Canada and the U.S.

Emerge Commerce (Emerge Commerce) Headlines

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