USD 215 Mil as of today(2020-08-05). In depth view into Intuit Long-Term Capital Lease Obligation explanation, calculation, historical data and more" />INTU Long-Term Capital Lease Obligation | Intuit - GuruFocus.com
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Intuit Long-Term Capital Lease Obligation

: USD 215 Mil (As of Apr. 2020)
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Intuit's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2020 was USD 215 Mil.

Intuit's quarterly Long-Term Capital Lease Obligation declined from Oct. 2019 (USD 297 Mil) to Jan. 2020 (USD 286 Mil) and declined from Jan. 2020 (USD 286 Mil) to Apr. 2020 (USD 215 Mil).


Intuit Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Intuit Annual Data
Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Intuit Quarterly Data
Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 297.00 286.00 215.00

Intuit  (NAS:INTU) 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.

Intuit Long-Term Capital Lease Obligation Related Terms


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