System1 (System1) Long-Term Capital Lease Obligation : $2.9 Mil (As of Mar. 2024)

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What is System1 Long-Term Capital Lease Obligation?

System1's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.9 Mil.

System1's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($4.1 Mil) to Dec. 2023 ($3.6 Mil) and declined from Dec. 2023 ($3.6 Mil) to Mar. 2024 ($2.9 Mil).

System1's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($5.9 Mil) but then declined from Dec. 2022 ($5.9 Mil) to Dec. 2023 ($3.6 Mil).

System1 Long-Term Capital Lease Obligation Historical Data

The historical data trend for System1'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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System1 Long-Term Capital Lease Obligation Chart

System1 Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.88

3.58

System1 Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												5.31	4.78	4.14	3.58	2.94

System1 (NYSE:SST) 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.

System1 Long-Term Capital Lease Obligation Related Terms

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System1 (System1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » System1 Inc (NYSE:SST) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

4235 Redwood Avenue, Marina Del Rey, CA, USA, 90066

Website

https://www.system1.com

System1 Inc develops technology and data science to operate a responsive acquisition marketing platform. It serves customers in the areas of health and wellness, automotive, personal finance, travel, and entertainment. The company's segment includes Owned and Operated Advertising (O&O); Partner Network and Subscription. It generates maximum revenue from the Owned and Operated Advertising (O&O) segment.

Executives

Stanley Blend	10 percent owner	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Cannae Holdings, Inc.	10 percent owner	C/O CANNAE HOLDINGS, INC., 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Taryn Jogi Naidu	director	C/O DEMAND MEDIA, INC., 1299 OCEAN AVENUE, FIFTH FLOOR, SANTA MONICA CA 90401
Lone Star Friends Trust	10 percent owner	2301 BROADWAY STREET, SAN ANTONIO TX 78215
Tridivesh Kidambi	officer: CFO & Treasurer	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Christopher Stephen Phillips	director, 10 percent owner	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Ryan R. Caswell	director	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Cannae Holdings, Llc	10 percent owner	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
John Civantos	director	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Moujan Kazerani	director	C/O TAILWIND ACQUISITION, 1545 COURTNEY AVENUE, LOS ANGELES CA 90046
Caroline Horn	director	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Paul Filsinger	officer: President	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Elizabeth Sestanovich	officer: Chief People Officer	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Jennifer Mindy Prince	director	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010
Brian Coppola	officer: Chief Product Officer	C/O TREBIA ACQUISITION CORP., 41 MADISON AVENUE, SUITE 2020, NEW YORK NY 10010