Paycom Software (LTS:0KGH) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Paycom Software Long-Term Capital Lease Obligation?

Paycom Software's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

Paycom Software Long-Term Capital Lease Obligation Historical Data

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

Paycom Software Annual Data

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Long-Term Capital Lease Obligation

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Paycom Software Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Paycom Software (LTS:0KGH) 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.

Paycom Software Long-Term Capital Lease Obligation Related Terms

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Paycom Software (LTS:0KGH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Paycom Software Inc (LTS:0KGH) » Definitions » Long-Term Capital Lease Obligation

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Address

7501 W. Memorial Road, Oklahoma, OK, USA, 73142

Website

https://www.paycom.com

Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,000 clients as of 2022, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

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