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Exa (EXA) Long-Term Capital Lease Obligation : $0.16 Mil (As of Jul. 2017)


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What is Exa Long-Term Capital Lease Obligation?

Exa's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2017 was $0.16 Mil.

Exa's quarterly Long-Term Capital Lease Obligation declined from Jan. 2017 ($0.91 Mil) to Apr. 2017 ($0.54 Mil) and declined from Apr. 2017 ($0.54 Mil) to Jul. 2017 ($0.16 Mil).

Exa's annual Long-Term Capital Lease Obligation increased from Jan. 2015 ($1.60 Mil) to Jan. 2016 ($2.55 Mil) but then declined from Jan. 2016 ($2.55 Mil) to Jan. 2017 ($0.91 Mil).


Exa Long-Term Capital Lease Obligation Historical Data

The historical data trend for Exa'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.

* Premium members only.

Exa Long-Term Capital Lease Obligation Chart

Exa Annual Data
Trend Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 2.82 2.70 1.60 2.55 0.91

Exa Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.66 1.29 0.91 0.54 0.16

Exa  (NAS:EXA) 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.

Exa Long-Term Capital Lease Obligation Related Terms

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Exa (EXA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Exa Corp (NAS:EXA) » Definitions » Long-Term Capital Lease Obligation
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Address
Exa Corp develops, sells, and supports simulation software and services that vehicle manufacturers use to enhance the performance of their products. Its solution enables its customers to augment or replace conventional methods for evaluating design alternatives that are expensive and inefficient physical prototypes and test facilities, such as wind tunnels. Its solutions also facilitate clients to gain insights about design performance early in the design cycle thereby reducing the likelihood of expensive redesigns and late-stage engineering changes. A major part of its revenue is generated from the United States.
Executives
George Soros 10 percent owner C/O SOROS FUND MANAGEMENT LLC, 250 WEST 55TH STREET, FLOOR 29, NEW YORK NY 10019
Soros Fund Management Llc 10 percent owner 250 WEST 55TH STREET, FLOOR 29, NEW YORK NY 10019
Robert Soros 10 percent owner C/O SOROS FUND MANAGEMENT LLC, 250 WEST 55TH STREET, FLOOR 38, NEW YORK NY 10019
Suresh Sundaram officer: SVP Products and Marketing C/O EXA CORPORATION, 55 NETWORK DRIVE, BURLINGTON MA 01803
Mark Fusco director C/O ASPEN TECHNOLOGY INC 10 CENTRAL PARK CAMBRIDGE MA 02141
Wayne D Mackie director 200 CLARENDON STREET, T-33, BOSTON MA 02116
Poduska John William Sr director 295 MEADOWBROOK RD, WESTON MA 02493
Robert D Burke director 12 ALLEN CIRCLE, BOXFORD MA 01921
Robert Schechter director C/O NMS COMMUNICATIONS, 100 CROSSING BLVD, FRAMINGHAM MA 01702
Fmr Llc other: See Remark 1 245 SUMMER STREET, BOSTON MA 02210
Smith John F Jr director 300 RENAISSANCE CENTER, MC 482 C39 B10, DETROIT MI 48265-3000
Stephen P Sarno officer: VP Finance, CAO C/O SAPIENT CORPORATION, 25 FIRST STREET, CAMBRIDGE MA 02141

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