Synopsys (WBO:SYNP) Long-Term Capital Lease Obligation : €518 Mil (As of Jan. 2024)

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What is Synopsys Long-Term Capital Lease Obligation?

Synopsys's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €518 Mil.

Synopsys's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€534 Mil) to Oct. 2023 (€553 Mil) but then declined from Oct. 2023 (€553 Mil) to Jan. 2024 (€518 Mil).

Synopsys's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (€420 Mil) to Oct. 2022 (€590 Mil) but then declined from Oct. 2022 (€590 Mil) to Oct. 2023 (€553 Mil).

Synopsys Long-Term Capital Lease Obligation Historical Data

The historical data trend for Synopsys'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.

Synopsys Long-Term Capital Lease Obligation Chart

Synopsys Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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393.05

419.80

589.99

553.08

Synopsys 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	Get a 7-Day Free Trial															560.08	539.60	534.11	553.08	517.58

Synopsys (WBO:SYNP) 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.

Synopsys Long-Term Capital Lease Obligation Related Terms

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Synopsys (WBO:SYNP) Business Description

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Address

675 Almanor Avenue, Sunnyvale, CA, USA, 94085

Website

https://www.synopsys.com

Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

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