What is International Business Machines Long-Term Capital Lease Obligation?
International Business Machines's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,568 Mil.
International Business Machines's quarterly Long-Term Capital Lease Obligation
increased
from Jun. 2023 ($1,986 Mil) to Sep. 2023 ($2,476 Mil) and
increased
from Sep. 2023 ($2,476 Mil) to Dec. 2023 ($2,568 Mil).
International Business Machines's annual Long-Term Capital Lease Obligation
declined
from Dec. 2021 ($2,462 Mil) to Dec. 2022 ($2,190 Mil) but then
increased
from Dec. 2022 ($2,190 Mil) to Dec. 2023 ($2,568 Mil).
International Business Machines Long-Term Capital Lease Obligation Historical Data
* 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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International Business Machines Long-Term Capital Lease Obligation Chart
International Business Machines (NYSE:IBM) 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.
International Business Machines Long-Term Capital Lease Obligation Related Terms
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International Business Machines (International Business Machines) Business Description
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients—which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
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