Majesco (Majesco) Long-Term Capital Lease Obligation : $1.8 Mil (As of Jun. 2020)

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What is Majesco Long-Term Capital Lease Obligation?

Majesco's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $1.8 Mil.

Majesco's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 ($2.0 Mil) to Mar. 2020 ($1.6 Mil) but then increased from Mar. 2020 ($1.6 Mil) to Jun. 2020 ($1.8 Mil).

Majesco's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2018 ($0.0 Mil) to Mar. 2019 ($0.0 Mil) but then increased from Mar. 2019 ($0.0 Mil) to Mar. 2020 ($1.6 Mil).

Majesco Long-Term Capital Lease Obligation Historical Data

The historical data trend for Majesco'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.

Majesco Long-Term Capital Lease Obligation Chart

Majesco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Long-Term Capital Lease Obligation

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0.12

0.29

1.61

Majesco 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															2.56	2.30	2.03	1.61	1.76

Majesco (NAS:MJCO) 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.

Majesco Long-Term Capital Lease Obligation Related Terms

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Majesco (Majesco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Majesco (NAS:MJCO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

412 Mount Kemble Avenue, Suite 110C, Morristown, NJ, USA, 07960

Website

https://www.majesco.com

Majesco is the United States based provides core insurance software, consulting and services for business transformation for the insurance industry. It offers core software solutions for property and casualty, life and annuity, and Pensions Group Employee Benefits providers allowing them to manage policy management claims management and billing functions. In addition to the United States, it operates in Canada, the United Kingdom, Malaysia, Thailand, Singapore, New Zealand and India. It also offers a variety of other technology-based solutions for distribution management, digital, data and cloud that enable organizations to automate business processes across the end-to-end insurance value chain and comply with policies and regulations across their organizations.

Executives

Arun K Maheshwari	director	255 FISERV DRIVE, BROOKFIELD WI 53045
James Jeffrey Miller	officer: Chief Revenue Officer	412 MOUNT KEMBLE AVENUE SUITE 110C MORRISTOWN NJ 07960
Rajesh Hukku	director	412 MOUNT KEMBLE AVENUE, SUITE 110C MORRISTOWN NJ 07960
Mallinath Sengupta	officer: EVP, Global Services & Support	412 MOUNT KEMBLE AVENUE, SUITE 110C MORRISTOWN NJ 07960
Bithindra N Bhattacharya	officer: SVP, Finance	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Farid Kazani	officer: Interim CFO	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Majesco Ltd	10 percent owner	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Edward Ossie	officer: COO	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Sudhakar Ram	director	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Prateek Kumar Solanki	officer: EVP, Americas	5 PENN PLAZA, 14TH FLOOR NEW YORK NY 10001
Adam Elster	director, officer: Chief Executive Officer	520 MADISON AVENUE NEW YORK NY 10022
Carolyn M Johnson	director	230 PARK AVENUE, NEW YORK NY 10169
Ketan Mehta	director	170 NEWPORT CENTER DRIVE SUITE 260 NEWPORT BEACH CA 92660
Manish D Shah	officer: President and CPO	55 LANE ROAD FAIRFIELD CT 07004
Lori Lynn Stanley	officer: Gen. Counsel & Corp. Secretary	192 LEXINGTON AVENUE NEW YORK NY 10016