Perion Network (Perion Network) Long-Term Capital Lease Obligation : $3.4 Mil (As of Dec. 2023)

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What is Perion Network Long-Term Capital Lease Obligation?

Perion Network's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.4 Mil.

Perion Network's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($5.5 Mil) to Sep. 2023 ($4.4 Mil) and declined from Sep. 2023 ($4.4 Mil) to Dec. 2023 ($3.4 Mil).

Perion Network's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($9.8 Mil) to Dec. 2022 ($7.6 Mil) and declined from Dec. 2022 ($7.6 Mil) to Dec. 2023 ($3.4 Mil).

Perion Network Long-Term Capital Lease Obligation Historical Data

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

Perion Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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20.36

17.70

9.77

7.58

3.45

Perion Network Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.58	6.53	5.48	4.42	3.45

Perion Network (NAS:PERI) 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.

Perion Network Long-Term Capital Lease Obligation Related Terms

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Perion Network (Perion Network) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Perion Network Ltd (NAS:PERI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PERI:Israel IW2:Germany

Address

26 HaRokmim Street, Holon, ISR, 5885849

Website

https://www.perion.com

Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Make me reach, and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.

Executives

Longview Fund Lp

10 percent owner

VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402