Planet Labs PBC (Planet Labs PBC) Long-Term Capital Lease Obligation : $16.95 Mil (As of Jan. 2024)

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What is Planet Labs PBC Long-Term Capital Lease Obligation?

Planet Labs PBC's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $16.95 Mil.

Planet Labs PBC's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($19.14 Mil) to Oct. 2023 ($17.32 Mil) and declined from Oct. 2023 ($17.32 Mil) to Jan. 2024 ($16.95 Mil).

Planet Labs PBC's annual Long-Term Capital Lease Obligation increased from Jan. 2022 ($0.00 Mil) to Jan. 2023 ($17.15 Mil) but then declined from Jan. 2023 ($17.15 Mil) to Jan. 2024 ($16.95 Mil).

Planet Labs PBC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Planet Labs PBC'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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Planet Labs PBC Long-Term Capital Lease Obligation Chart

Planet Labs PBC Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

17.15

16.95

Planet Labs PBC Quarterly Data
	Jan20	Jul20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										17.15	19.91	19.14	17.32	16.95

Planet Labs PBC (NYSE:PLWS) 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.

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Planet Labs PBC (Planet Labs PBC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Planet Labs PBC (NYSE:PLWS) » Definitions » Long-Term Capital Lease Obligation

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Address

645 Harrison Street, 4th Floor, San Francisco, CA, USA, 94107

Website

https://www.planet.com

Planet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.