Shopify (Shopify) Long-Term Capital Lease Obligation : $217 Mil (As of Dec. 2023)

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What is Shopify Long-Term Capital Lease Obligation?

Shopify's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $217 Mil.

Shopify's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($204 Mil) to Sep. 2023 ($192 Mil) but then increased from Sep. 2023 ($192 Mil) to Dec. 2023 ($217 Mil).

Shopify's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($247 Mil) to Dec. 2022 ($465 Mil) but then declined from Dec. 2022 ($465 Mil) to Dec. 2023 ($217 Mil).

Shopify Long-Term Capital Lease Obligation Historical Data

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

Shopify Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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142.64

144.84

246.78

465.00

217.00

Shopify Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															465.00	461.00	204.00	192.00	217.00

Shopify (NYSE:SHOP) 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.

Shopify Long-Term Capital Lease Obligation Related Terms

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Shopify (Shopify) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (NYSE:SHOP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SHOP:Mexico 307:Germany 307:Germany SHOP:Canada S2HO34:Brazil

Address

151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8

Website

https://www.shopify.com

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.