NetApp (NetApp) Long-Term Capital Lease Obligation : $225 Mil (As of Jan. 2024)

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What is NetApp Long-Term Capital Lease Obligation?

NetApp's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $225 Mil.

NetApp's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($238 Mil) to Oct. 2023 ($230 Mil) and declined from Oct. 2023 ($230 Mil) to Jan. 2024 ($225 Mil).

NetApp's annual Long-Term Capital Lease Obligation increased from Apr. 2021 ($71 Mil) to Apr. 2022 ($257 Mil) but then declined from Apr. 2022 ($257 Mil) to Apr. 2023 ($248 Mil).

NetApp Long-Term Capital Lease Obligation Historical Data

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

NetApp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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93.00

71.00

257.00

248.00

NetApp Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															254.00	248.00	238.00	230.00	225.00

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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NetApp (NetApp) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NetApp Inc (NAS:NTAP) » Definitions » Long-Term Capital Lease Obligation

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NTA:Germany

Address

3060 Olsen Drive, San Jose, CA, USA, 95128

Website

https://www.netapp.com

NetApp Inc is a leading provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.

Executives

Michael J Berry	officer: EVP Finance & Operations, CFO	C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
Elizabeth M O'callahan	officer: EVP, GC and Secretary	NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128
Cesar Cernuda	officer: President	1395 CROSSMAN AVENUE, SUNNYVALE CA 94089
George Kurian	director, officer: Chief Executive Officer	C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089
Thomas Michael Nevens	director	C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014
Gerald Held	director
Robert Parks	officer: Chief Accounting Officer	C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560
Carrie Palin	director	1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202
Deepak Ahuja	director	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Kathryn Hill	director	7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007
Scott F. Schenkel	director	C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
George T Shaheen	director
Deborah Kerr	director	901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Harvinder S Bhela	officer: EVP, Chief Product Officer	NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128
Matthew K Fawcett	officer: Senior VP, General Counsel	495 EAST JAVA DRIVE, SUNNYVALE CA 94089