SSC Security Services (TSXV:SECU) Long-Term Capital Lease Obligation : C$2.4 Mil (As of Mar. 2025)

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What is SSC Security Services Long-Term Capital Lease Obligation?

SSC Security Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$2.4 Mil.

SSC Security Services's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (C$0.7 Mil) to Dec. 2024 (C$2.5 Mil) but then declined from Dec. 2024 (C$2.5 Mil) to Mar. 2025 (C$2.4 Mil).

SSC Security Services's annual Long-Term Capital Lease Obligation increased from Sep. 2022 (C$0.8 Mil) to Sep. 2023 (C$0.8 Mil) but then declined from Sep. 2023 (C$0.8 Mil) to Sep. 2024 (C$0.7 Mil).

SSC Security Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for SSC Security Services'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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SSC Security Services Long-Term Capital Lease Obligation Chart

SSC Security Services Annual Data

Trend

Mar15

Mar16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

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0.30

0.80

0.85

0.69

SSC Security Services Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.89	0.88	0.69	2.51	2.42

SSC Security Services (TSXV:SECU) 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.

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SSC Security Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SSC Security Services Corp (TSXV:SECU) » Definitions » Long-Term Capital Lease Obligation

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SECUF:USA

Address

1914 Hamilton Street, Suite 300, Regina, SK, CAN, S4P 3N6

Website

https://www.securityservicescorp.ca

SSC Security Services Corp is a provider of physical and cyber security services to corporate and public sector clients across Canada. The company operates in three segments which include Security, Legacy Operations, and Corporate, and the majority of its revenue is generated from The security segment.

Executives

Bradley Douglas Farquhar	Director
David Brown	Director
Gordon Nystuen	Senior Officer
Doug Emsley	Director, Director or Senior Officer of 10% Security Holder, Senior Officer