Enghouse Systems (TSX:ENGH) Long-Term Capital Lease Obligation : C$5.7 Mil (As of Oct. 2024)

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What is Enghouse Systems Long-Term Capital Lease Obligation?

Enghouse Systems's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2024 was C$5.7 Mil.

Enghouse Systems's quarterly Long-Term Capital Lease Obligation increased from Apr. 2024 (C$4.3 Mil) to Jul. 2024 (C$8.0 Mil) but then declined from Jul. 2024 (C$8.0 Mil) to Oct. 2024 (C$5.7 Mil).

Enghouse Systems's annual Long-Term Capital Lease Obligation declined from Oct. 2022 (C$13.1 Mil) to Oct. 2023 (C$6.1 Mil) and declined from Oct. 2023 (C$6.1 Mil) to Oct. 2024 (C$5.7 Mil).

Enghouse Systems Long-Term Capital Lease Obligation Historical Data

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

Enghouse Systems Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Long-Term Capital Lease Obligation

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32.24

17.66

13.06

6.08

5.74

Enghouse Systems Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.08	5.32	4.34	8.04	5.74

Enghouse Systems (TSX:ENGH) 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.

Enghouse Systems Long-Term Capital Lease Obligation Related Terms

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Enghouse Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Enghouse Systems Ltd (TSX:ENGH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EGHSF:USA 3E4:Germany

Address

80 Tiverton Court, Suite 800, Markham, ON, CAN, L3R 0G4

Website

https://www.enghouse.com

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm's operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. It earns majority of its revenue from Interactive Management Group. The firm has operations in Canada, the United States, the United Kingdom, Europe, excluding Scandinavia, Germany, Asia-Pacific and other.

Executives

Vincent Mifsud	Senior Officer
Robert Medved	Senior Officer
Timothy Peters	Senior Officer
Sam Anidjar	Senior Officer
Salvatore Joseph Castiglione	Senior Officer
Stephen Sadler	10% Security Holder, Director, Senior Officer
Lynette Corbett	Senior Officer
Melissa Sonberg	Director
Paul James Stoyan	Director
Jane Mowat	Director
Douglas Bryson	Senior Officer
Reid Drury	Director
Pierre Lassonde	10% Security Holder, Director
Eric Demirian	Director
Sunil Gregory Diaz	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)