Billing Services Group (LSE:BILL) Long-Term Capital Lease Obligation : £0.08 Mil (As of Jun. 2019)

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What is Billing Services Group Long-Term Capital Lease Obligation?

Billing Services Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was £0.08 Mil.

Billing Services Group's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2018 (£0.00 Mil) to Dec. 2018 (£0.00 Mil) but then increased from Dec. 2018 (£0.00 Mil) to Jun. 2019 (£0.08 Mil).

Billing Services Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Billing Services Group'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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Billing Services Group Long-Term Capital Lease Obligation Chart

Billing Services Group Annual Data

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Long-Term Capital Lease Obligation

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Billing Services Group Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.08

Billing Services Group (LSE:BILL) 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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Billing Services Group (LSE:BILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Billing Services Group Ltd (LSE:BILL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

22 Victoria Street, Canonâ€™s Court, Hamilton, BMU, HM 12

Website

http://www.bsgclearing.com

Billing Services Group Ltd is focused on payment solutions. The company offers a powerful suite of financial clearinghouse services for merchants, online stores, and telecommunications companies. Its services include local exchange carrier (LEC) phone clearing, billing and settlement solutions, toll clearing services, a Wi-Fi wholesale settlement solution, and VoiceLog Third Party Verification. The company generates a majority of revenue from LEC billing. Its geographical segment includes North America and Europe, the Middle East and Africa. The company derives the maximum revenue from North America.