Sezzle (Sezzle) Long-Term Capital Lease Obligation : $0.9 Mil (As of Mar. 2024)

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What is Sezzle Long-Term Capital Lease Obligation?

Sezzle's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.9 Mil.

Sezzle's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($1.0 Mil) to Dec. 2023 ($1.0 Mil) and declined from Dec. 2023 ($1.0 Mil) to Mar. 2024 ($0.9 Mil).

Sezzle's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.1 Mil) to Dec. 2022 ($0.0 Mil) but then increased from Dec. 2022 ($0.0 Mil) to Dec. 2023 ($1.0 Mil).

Sezzle Long-Term Capital Lease Obligation Historical Data

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

Sezzle Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.09

0.98

Sezzle Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	1.00	0.98	0.88

Sezzle (NAS:SEZL) 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.

Sezzle Long-Term Capital Lease Obligation Related Terms

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Sezzle (Sezzle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sezzle Inc (NAS:SEZL) » Definitions » Long-Term Capital Lease Obligation

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SEZL:USA 0SE0:Germany 0SEA:Germany 0SEA:Germany SZL:Australia

Address

251 1st Avenue N, Suite 200, Minneapolis, MN, USA, 55401

Website

https://www.sezzle.com

Sezzle Inc is a financing institution that offers technology-driven payment platform. It allows customers to split their purchase into four installments and pay over 6 weeks with only the first payment due at the time of purchase.