Pure Storage (Pure Storage) Long-Term Capital Lease Obligation

: $123 Mil (As of Jan. 2024)

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Pure Storage's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $123 Mil.

Pure Storage's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($132 Mil) to Oct. 2023 ($122 Mil) but then increased from Oct. 2023 ($122 Mil) to Jan. 2024 ($123 Mil).

Pure Storage's annual Long-Term Capital Lease Obligation increased from Jan. 2022 ($93 Mil) to Jan. 2023 ($142 Mil) but then declined from Jan. 2023 ($142 Mil) to Jan. 2024 ($123 Mil).

Pure Storage Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pure Storage'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.

* Premium members only.

Pure Storage Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

92.98

120.36

93.48

142.47

123.20

Pure Storage 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																142.47	139.67	132.19	122.39	123.20

Pure Storage (NYSE:PSTG) 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.

Pure Storage Long-Term Capital Lease Obligation Related Terms

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Pure Storage (Pure Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (NYSE:PSTG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6PU:Germany

Address

650 Castro Street, Suite 400, Mountain View, CA, USA, 94041

Website

http://www.purestorage.com

Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

Executives

P. Kevan Krysler	officer: Chief Financial Officer	3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Roxanne Taylor	director	PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Gregory Tomb	director	650 CASTRO ST, SUITE 400, MOUNTAIN VIEW CA 94041
Mona Chu	officer: Chief Accounting Officer	650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Mallun Yen	director	1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Brown Andrew William Fraser	director	C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
John Francis Murphy	director	2250 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Dan Fitzsimons	officer: Chief Revenue Officer	C/O PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Ajay Singh	officer: Chief Product Officer	PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Anita M Sands	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Scott Dietzen	director, officer: Chief Executive Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Paul S Mountford	officer: Chief Operating Officer	950 WEST MAUDE AVE, SUNNYVALE CA 94085
Timothy Riitters	officer: Chief Financial Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Taylor Susan J.s.	director	C/O LINKEDIN CORPORATION, 2029 STIERLIN COURT, MOUNTAIN VIEW CA 94043
John Colgrove	director, officer: Chief Technology Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041