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Veeva Systems Long-Term Capital Lease Obligation

: $48 Mil (As of Oct. 2020)
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Veeva Systems's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2020 was $48 Mil.

Veeva Systems's quarterly Long-Term Capital Lease Obligation increased from Apr. 2020 ($42 Mil) to Jul. 2020 ($46 Mil) and increased from Jul. 2020 ($46 Mil) to Oct. 2020 ($48 Mil).

Veeva Systems's annual Long-Term Capital Lease Obligation stayed the same from Jan. 2018 ($0 Mil) to Jan. 2019 ($0 Mil) but then increased from Jan. 2019 ($0 Mil) to Jan. 2020 ($45 Mil).

Veeva Systems 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.

Veeva Systems Annual Data
Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20
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 44.82

Veeva Systems Quarterly Data
Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20
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 19.88 44.82 42.43 46.19 47.97

Veeva Systems  (NYSE:VEEV) 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.

Veeva Systems Long-Term Capital Lease Obligation Related Terms

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