Block (SQ) Long-Term Capital Lease Obligation : $290 Mil (As of Dec. 2023)

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What is Block Long-Term Capital Lease Obligation?

Block's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $290 Mil.

Block's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($315 Mil) to Sep. 2023 ($303 Mil) and declined from Sep. 2023 ($303 Mil) to Dec. 2023 ($290 Mil).

Block's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($395 Mil) to Dec. 2022 ($357 Mil) and declined from Dec. 2022 ($357 Mil) to Dec. 2023 ($290 Mil).

Block Long-Term Capital Lease Obligation Historical Data

The historical data trend for Block'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.

Block Long-Term Capital Lease Obligation Chart

Block Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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108.83

389.66

395.02

357.42

289.79

Block 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															357.42	329.20	315.13	302.78	289.79

Block (NYSE:SQ) 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.

Block Long-Term Capital Lease Obligation Related Terms

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Block (SQ) Business Description

Industry

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

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Address

1455 Market Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.block.xyz

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.

Executives

Brian Grassadonia	officer: Cash App Lead	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Amrita Ahuja	officer: Chief Financial Officer	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Chrysty Esperanza	officer: Interim Counsel Lead	1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Ajmere Dale	officer: Chief Accounting Officer	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Roelof Botha	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Alyssa Henry	officer: Seller Lead	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Lawrence Henry Summers	director	JOHN F. KENNEDY SCHOOL OF GOVERNMENT, MAILBOX 8, 79 JFK STREET, CAMBRIDGE MA 02138
Neha Narula	director	1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Sivan Whiteley	officer: Gen. Counsel & Corp. Secretary	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Sharon Rothstein	director	C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Mckelvey James Morgan Jr.	director, 10 percent owner	2645 SOUTH BAYSHORE #802, MIAMI FL 33133
Carter Shawn Corey	director	C/O S. CARTER ENTERPRISES, LLC, 1411 BROADWAY, NEW YORK NY 10018
Jack Dorsey	director, 10 percent owner, officer: President, CEO & Chairman	C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Mary G Meeker	director	2750 SAND HILL ROAD, MENLO PARK CA 94025
David A Viniar	director	C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282