TSR (TSRI) Long-Term Capital Lease Obligation : $0.46 Mil (As of Feb. 2024)

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What is TSR Long-Term Capital Lease Obligation?

TSR's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.46 Mil.

TSR's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 ($0.32 Mil) to Nov. 2023 ($0.51 Mil) but then declined from Nov. 2023 ($0.51 Mil) to Feb. 2024 ($0.46 Mil).

TSR's annual Long-Term Capital Lease Obligation declined from May. 2021 ($0.71 Mil) to May. 2022 ($0.49 Mil) and declined from May. 2022 ($0.49 Mil) to May. 2023 ($0.34 Mil).

TSR Long-Term Capital Lease Obligation Historical Data

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

TSR Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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0.19

0.71

0.49

0.34

TSR Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.37	0.34	0.32	0.51	0.46

TSR (NAS:TSRI) 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.

TSR Long-Term Capital Lease Obligation Related Terms

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TSR (TSRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TSR Inc (NAS:TSRI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Oser Avenue, Suite 150, Hauppauge, NY, USA, 11788

Website

https://www.tsrconsulting.com

TSR Inc is primarily engaged in the business of providing contract computer programming services to its customers. The company offers technical computer personnel to supplement its in-house information technology capabilities. It also gives staffing capabilities in the areas of mainframe and mid-range computer operations, personal computers and client-server support, internet and e-commerce operations, voice and data communications and helps desk support. Additionally, the company renders services on day-to-day operations, special projects, and on a short-term or long-term basis. It caters to various industries such as insurance, pharmaceutical and biotechnology, publishing and new media, financial services and project utilities.

Executives

Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Robert E Fitzgerald	director	2204 VAQUERO ESTATES BLVD, WESTLAKE TX 76262
Bradley M Tirpak	director	50 ORCHARD ST., NEW YORK NY 10002
Fintech Consulting, Llc	10 percent owner	120 S WOOD AVE, SUITE 300, ISELIN NJ 08830
Thomas C Salerno	officer: Chief Executive Officer	600 WEST SADDLE RIVER ROAD, UPPER SADDLE RIVER NJ 07548
Ira Cohen	director
Zeff Capital, Lp	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Joseph Pennacchio	director
Kelly William J. Jr.	director	11 CARNEGIE AVENUE, COLD HARBOR NY 11724
Joseph F Hughes	director, 10 percent owner, officer: President and CEO	C/O TSR INC, 400 OSER AVE #150, HAUPPAUGE NY 11788
Winifred Hughes	10 percent owner	1278 RIDGE ROAD, LAUREL HOLLOW NY 11791
Eric M Stein	director	15 HIGHLAND PLACE, BABYLON NY 11702
Regina Dowd	director	275 FLINTLOCK ROAD, SOUTHPORT CT 06890
Brian Mangan	director	45 DUNE COURT, NORTHPORT NY 11768
Christopher J Hughes	director	C/O TSR INC, 400 OSER AVE #150, HAUPPAUGE NY 11788