Conduent (Conduent) Long-Term Capital Lease Obligation : $157 Mil (As of Dec. 2023)

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What is Conduent Long-Term Capital Lease Obligation?

Conduent's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $157 Mil.

Conduent's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($159 Mil) to Sep. 2023 ($167 Mil) but then declined from Sep. 2023 ($167 Mil) to Dec. 2023 ($157 Mil).

Conduent's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($184 Mil) to Dec. 2022 ($160 Mil) and declined from Dec. 2022 ($160 Mil) to Dec. 2023 ($157 Mil).

Conduent Long-Term Capital Lease Obligation Historical Data

The historical data trend for Conduent'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.

Conduent Long-Term Capital Lease Obligation Chart

Conduent Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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229.00

207.00

184.00

160.00

157.00

Conduent 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															160.00	158.00	159.00	167.00	157.00

Conduent (NAS:CNDT) 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.

Conduent Long-Term Capital Lease Obligation Related Terms

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Conduent (Conduent) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

4C0:Germany 4C0:Germany

Address

100 Campus Drive, Suite 200, Florham Park, NJ, USA, 07932

Website

https://www.conduent.com

Conduent Inc acts as a provider of business process services with expertise in transaction-intensive processing, analytics, and automation. The company provides industry-focused service offerings in growth markets such as Healthcare and Transportation as well as provides multi-industry services such as transaction processing, customer care, and payment services. It operates through three segments namely Commercial Industries which is the key revenue-driving segment, Government Services, and Transportation. The group operates its business in the United States, Europe, and Other areas of which the majority of its revenue is generated in the United States.

Executives

Clifford Skelton	officer: Pres.& Chief Operating Officer	100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Stephen Henry Wood	officer: VP, Corporate Controller	100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
Randall Edmon King	officer: EVP, Commercial Solutions	100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Mark E King	officer: EVP, Government Solutions	100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Louis Edward Keyes	officer: Executive Vice President & CRO	100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
Michael E Krawitz	officer: EVP, GC & Secretary	1690 S CONGRESS AVE, STE 201, DELRAY BEACH FL 33445
Mark Simon Brewer	officer: EVP & President -Public Sector	100 CAMPUS DRIVE, SUITE 200, FLORHAM PARK NJ 07932
Mark Prout	officer: EVP, Chief Information Officer	100 CAMPUS DRIVE, SUITE 200E, FLORHAM PARK NJ 07932
A. Scott Letier	director	5956 SHERRY LN, SUITE 800, DALLAS TX 75225
Steven D Miller	director	16690 COLLINS AVENUE, PH, SUNNY ISLE BEACH FL 33160
Hunter Clark Gary	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Michael Montelongo	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Hernandez Margarita Palau	director	300 N. SAN RAFAEL AVE., PASADENA CA 91105
Higgins Victor Kathy J	director	7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160