Palantir Technologies (WBO:PLTR) Long-Term Capital Lease Obligation : €161 Mil (As of Dec. 2023)

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What is Palantir Technologies Long-Term Capital Lease Obligation?

Palantir Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €161 Mil.

Palantir Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€179 Mil) to Sep. 2023 (€172 Mil) and declined from Sep. 2023 (€172 Mil) to Dec. 2023 (€161 Mil).

Palantir Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€195 Mil) to Dec. 2022 (€193 Mil) and declined from Dec. 2022 (€193 Mil) to Dec. 2023 (€161 Mil).

Palantir Technologies Long-Term Capital Lease Obligation Historical Data

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

Palantir Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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188.90

194.83

192.86

160.67

Palantir Technologies Quarterly Data
	Dec18	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															192.86	192.80	179.19	172.47	160.67

Palantir Technologies (WBO:PLTR) 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.

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Palantir Technologies (WBO:PLTR) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Palantir Technologies Inc (WBO:PLTR) » Definitions » Long-Term Capital Lease Obligation

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PLTR:USA 1PLTR:Italy PTX:Germany P2LT34:Brazil

Address

1200 17th Street, Floor 15, Denver, CO, USA, 80202

Website

https://www.palantir.com

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.