Mimecast (Mimecast) Long-Term Capital Lease Obligation : $99.0 Mil (As of Dec. 2021)

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What is Mimecast Long-Term Capital Lease Obligation?

Mimecast's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was $99.0 Mil.

Mimecast's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 ($107.7 Mil) to Sep. 2021 ($98.7 Mil) but then increased from Sep. 2021 ($98.7 Mil) to Dec. 2021 ($99.0 Mil).

Mimecast's annual Long-Term Capital Lease Obligation increased from Mar. 2019 ($38.0 Mil) to Mar. 2020 ($105.6 Mil) and increased from Mar. 2020 ($105.6 Mil) to Mar. 2021 ($112.3 Mil).

Mimecast Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mimecast'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.

* Premium members only.

Mimecast Long-Term Capital Lease Obligation Chart

Mimecast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Long-Term Capital Lease Obligation

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0.25

69.60

38.03

105.64

112.32

Mimecast Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															118.53	112.32	107.67	98.74	98.97

Mimecast (NAS:MIME) 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.

Mimecast Long-Term Capital Lease Obligation Related Terms

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Mimecast (Mimecast) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Mimecast Ltd (NAS:MIME) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1 Finsbury Avenue, London, GBR, EC2M 2PF

Website

https://www.mimecast.com

Mimecast Ltd is a provider of next generation cloud security and risk management services for email and corporate information. Its integrated suite of proprietary cloud services protects customers of all sizes from the business and data security risks they are exposed to through their email and other corporate systems. Its Email Security 3.0 and Cyber Resilience Extension offerings are designed to protect customers from rapidly changing security environment. Its Email Security 3.0 strategy addresses threats in three distinct zones: at the email perimeter (Zone 1); inside the network and the organization (Zone 2); and beyond the perimeter (Zone 3). Additionally, its Cyber Resilience Extensions expand resilience to other critical elements of an organization's digital infrastructure.

Executives

Karen M. Anderson	officer: Chief Human Resources Officer	C/O MIMECAST LTD., 191 SPRING STREET, LEXINGTON MA 02421
Potier Helene Auriol	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Bernd Leger	officer: Chief Marketing Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
David Raissipour	officer: Chief Tech. & Product Officer	C/O CARBONITE, INC. 2 AVENUE DE LAFAYETTE BOSTON MA 02111
Heather Bentley	officer: SVP, Customer Success & Supp.	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Neil Murray	director	CITYPOINT ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y9AW
Rafeal E. Brown	officer: Chief Financial Officer	1 ROGERS STREET, CAMBRIDGE MA 02142
Robert P Nault	officer: Sr. Vice President and GC	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Peter Bauer	director, officer: Chief Executive Officer	CITYPOINT, ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y 9AW
Michael Paisley	officer: Chief Security & Res. Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Alpna J. Doshi	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Stephen M Ward	director	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Shahriar Rafimayeri	officer: Chief Information Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Christopher Fitzgerald	director	C/O MIMECAST LTD, MIMECAST NA INC. 191 SPRING STREET LEXINGTON MA 02421
Hagi Schwartz	director	C/O MIMECAST LIMITED, MIMECAST NA, INC., 191 SPRING STREET, LEXINGTON MA 02421