IHS Markit (IHS Markit) Long-Term Capital Lease Obligation : $255 Mil (As of Nov. 2021)

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What is IHS Markit Long-Term Capital Lease Obligation?

IHS Markit's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2021 was $255 Mil.

IHS Markit's quarterly Long-Term Capital Lease Obligation declined from May. 2021 ($285 Mil) to Aug. 2021 ($268 Mil) and declined from Aug. 2021 ($268 Mil) to Nov. 2021 ($255 Mil).

IHS Markit's annual Long-Term Capital Lease Obligation increased from Nov. 2019 ($0 Mil) to Nov. 2020 ($298 Mil) but then declined from Nov. 2020 ($298 Mil) to Nov. 2021 ($255 Mil).

IHS Markit Long-Term Capital Lease Obligation Historical Data

The historical data trend for IHS Markit'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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IHS Markit Long-Term Capital Lease Obligation Chart

IHS Markit Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Long-Term Capital Lease Obligation

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297.70

254.90

IHS Markit Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															297.70	293.00	284.50	268.00	254.90

IHS Markit (NYSE:INFO) 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.

IHS Markit Long-Term Capital Lease Obligation Related Terms

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IHS Markit (IHS Markit) Business Description

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Address

25 Ropemaker Street, 4th Floor, Ropemaker Place, London, GBR, EC2Y 9LY

Website

https://www.ihsmarkit.com

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.