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NetApp Long-Term Capital Lease Obligation

: $90 Mil (As of Jul. 2020)
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NetApp's Long-Term Capital Lease Obligation for the quarter that ended in Jul. 2020 was $90 Mil.

NetApp's quarterly Long-Term Capital Lease Obligation declined from Jan. 2020 ($99 Mil) to Apr. 2020 ($93 Mil) and declined from Apr. 2020 ($93 Mil) to Jul. 2020 ($90 Mil).

NetApp's annual Long-Term Capital Lease Obligation stayed the same from Apr. 2018 ($0 Mil) to Apr. 2019 ($0 Mil) but then increased from Apr. 2019 ($0 Mil) to Apr. 2020 ($93 Mil).


NetApp 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.

NetApp Annual Data
Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20
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 93.00

NetApp Quarterly Data
Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20
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 100.00 102.00 99.00 93.00 90.00

NetApp  (NAS:NTAP) 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.

NetApp Long-Term Capital Lease Obligation Related Terms


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