Meta Platforms (MIL:1FB) Long-Term Capital Lease Obligation : €16,164 Mil (As of Mar. 2024)

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What is Meta Platforms Long-Term Capital Lease Obligation?

Meta Platforms's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €16,164 Mil.

Meta Platforms's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€15,342 Mil) to Dec. 2023 (€15,796 Mil) and increased from Dec. 2023 (€15,796 Mil) to Mar. 2024 (€16,164 Mil).

Meta Platforms's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€11,280 Mil) to Dec. 2022 (€14,444 Mil) and increased from Dec. 2022 (€14,444 Mil) to Dec. 2023 (€15,796 Mil).

Meta Platforms Long-Term Capital Lease Obligation Historical Data

The historical data trend for Meta Platforms'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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Meta Platforms Long-Term Capital Lease Obligation Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8,571.60

7,916.68

11,280.21

14,444.14

15,796.24

Meta Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															15,103.71	15,174.12	15,342.44	15,796.24	16,164.40

Meta Platforms (MIL:1FB) 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.

Meta Platforms Long-Term Capital Lease Obligation Related Terms

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Meta Platforms (MIL:1FB) Business Description

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Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.

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