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Urgently (Urgently) Long-Term Capital Lease Obligation : $1.9 Mil (As of Mar. 2024)


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What is Urgently Long-Term Capital Lease Obligation?

Urgently's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.9 Mil.

Urgently's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($1.7 Mil) to Dec. 2023 ($2.0 Mil) but then declined from Dec. 2023 ($2.0 Mil) to Mar. 2024 ($1.9 Mil).

Urgently's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($2.1 Mil) but then declined from Dec. 2022 ($2.1 Mil) to Dec. 2023 ($2.0 Mil).

Urgently Long-Term Capital Lease Obligation Historical Data

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

Urgently Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 2.12 2.05

Urgently Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.96 1.82 1.67 2.05 1.89

Urgently  (NAS:ULY) 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.

Urgently Long-Term Capital Lease Obligation Related Terms

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Urgently (Urgently) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Urgently Inc (NAS:ULY) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
8609 Westwood Center Drive, Suite 810, Vienna, VA, USA, 22182
Website
https://www.geturgently.com
Urgent.ly Inc is a leading connected mobility assistance software platform, matching vehicle owners and operators with service professionals who deliver traditional roadside assistance, proactive maintenance and repair services. The traditional experience of a vehicle breakdown is often stressful and inconvenient, compounded by processes that lack transparency and lead to long wait times. Urgently offers an innovative alternative to this traditional experience, leveraging its digitally native software platform to match supply and demand in its network and deliver exceptional mobility assistance experiences at scale.
Executives
Volkow Ben director 16 ABBA EBAN BLVD., HERZLIYA PITUACH L3 467256
Andrew M Geisse director 208 S. AKARD ST., DALLAS TX 75202
Timothy C. Huffmyer officer: Chief Financial Officer 1000 PARK DRIVE, LAWRENCE PA 15055
James M Micali director C/O SONOCO PRODUCTS COMPANY, 1 NORTH SECOND STREET, HARTSVILLE SC 29550
Gina Domanig director 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Ryan Pollock director 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Matthew Booth director, officer: Chief Executive Officer 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182
Suzie Doran director 8609 WESTWOOD CENTER DR STE 810, VIENNA VA 22182