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Snowflake Long-Term Capital Lease Obligation

: $184.9 Mil (As of Jan. 2021)
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Snowflake's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2021 was $184.9 Mil.

Snowflake's quarterly Long-Term Capital Lease Obligation increased from Jul. 2020 ($184.3 Mil) to Oct. 2020 ($186.7 Mil) but then declined from Oct. 2020 ($186.7 Mil) to Jan. 2021 ($184.9 Mil).

Snowflake's annual Long-Term Capital Lease Obligation increased from Jan. 2019 ($12.5 Mil) to Jan. 2020 ($193.2 Mil) but then declined from Jan. 2020 ($193.2 Mil) to Jan. 2021 ($184.9 Mil).


Snowflake Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Snowflake Annual Data
Jan19 Jan20 Jan21
Long-Term Capital Lease Obligation 12.54 193.18 184.89

Snowflake Quarterly Data
Jan19 Oct19 Jan20 Jul20 Oct20 Jan21
Long-Term Capital Lease Obligation Premium Member Only 0.00 193.18 184.26 186.72 184.89

Snowflake  (NYSE:SNOW) 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.

Snowflake Long-Term Capital Lease Obligation Related Terms


Snowflake Long-Term Capital Lease Obligation Headlines

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