SKIL (Skillsoft) Long-Term Capital Lease Obligation : $6.8 Mil (As of Oct. 2024)

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What is Skillsoft Long-Term Capital Lease Obligation?

Skillsoft's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2024 was $6.8 Mil.

Skillsoft's quarterly Long-Term Capital Lease Obligation declined from Apr. 2024 ($7.4 Mil) to Jul. 2024 ($7.2 Mil) and declined from Jul. 2024 ($7.2 Mil) to Oct. 2024 ($6.8 Mil).

Skillsoft's annual Long-Term Capital Lease Obligation increased from Jan. 2020 ($0.0 Mil) to Jan. 2023 ($11.9 Mil) but then declined from Jan. 2023 ($11.9 Mil) to Jan. 2024 ($9.3 Mil).

Skillsoft Long-Term Capital Lease Obligation Historical Data

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

Skillsoft Annual Data

Trend

Dec19

Jan20

Jan23

Jan24

Long-Term Capital Lease Obligation

11.95

9.25

Skillsoft Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jul21	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.51	9.25	7.36	7.16	6.84

Skillsoft (NYSE:SKIL) 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.

Skillsoft Long-Term Capital Lease Obligation Related Terms

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Skillsoft Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Skillsoft Corp (NYSE:SKIL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

C58:Germany

Address

7887 E. Belleview Avenue, Suite 600, Greenwood Village, CO, USA, 80111

Website

https://www.skillsoft.com

Skillsoft Corp is a leader in corporate digital learning. The company's segment includes Content & Platform and Instructor-Led Training. The Content & Platform business engages in the sale, marketing and delivery of its content learning solutions, in areas such as Leadership and Business, Technology and Developer and Compliance. The Instructor-Led Training business offers training solutions covering information technology and business skills for corporations and their employees. The majority of revenue is from the Content & Platform segment.

Executives

Jeffrey R Tarr	director, officer: Chief Executive Officer	DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Peter Schmitt	director	640 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10019
Matthew Glitzer	officer: CHIEF REVENUE OFFICER	300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062
Lawrence Charles Illg	director	SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Jose Torres	officer: Chief Accounting Officer	1300 W. 120TH AVENUE, WESTMINSTER CO 80234
Richard Walker	officer: Chief Strategy & Corp Dev Ofc	C/O SERVICESOURCE INTERNATIONAL, INC., 717 17TH STREET, 5TH FLOOR, DENVER CO 80202
Patrick Kolek	director	SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Ciara Harrington	officer: Interim Chief People Officer	C/O SKILLSOFT CORP., 300 INNOVATION WAY, SUITE 201, NASHUA NH 03062-5746
Gary W Ferrera	officer: Chief Financial Officer	3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Kristi Hummel	officer: Chief People Officer	300 INNOVATIVE WAY, SUITE 201, NASHUA NH 03062
Zachary Sims	officer: GM Tech & Dev, CEO Codecademy	575 BROADWAY, 5TH FLOOR, NEW YORK NY 10012
Mih Learning B.v.	director, 10 percent owner	SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Naspers Ltd	director, 10 percent owner	NASPERS CENTRE PO BOX 2271, CAPETOWN 8000, SOUTH AFRICA T3 00000
N.v. Prosus	director, 10 percent owner	SYMPHONY OFFICES, GUSTAV MAHLERPLEIN 5, AMSTERDAM P7 1082 MS
Ryan H Murray	officer: Interim CFO, CAO	SKILLSOFT CORP, 300 INNOVATIVE WAY #201, NASHUA NH 03062