HP (XSGO:HPQ) Long-Term Capital Lease Obligation : $815 Mil (As of Jan. 2024)

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What is HP Long-Term Capital Lease Obligation?

HP's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $815 Mil.

HP's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($829 Mil) to Oct. 2023 ($825 Mil) and declined from Oct. 2023 ($825 Mil) to Jan. 2024 ($815 Mil).

HP's annual Long-Term Capital Lease Obligation declined from Oct. 2021 ($936 Mil) to Oct. 2022 ($875 Mil) and declined from Oct. 2022 ($875 Mil) to Oct. 2023 ($825 Mil).

HP Long-Term Capital Lease Obligation Historical Data

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

HP Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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904.00

936.00

875.00

825.00

HP 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															903.00	885.00	829.00	825.00	815.00

HP (XSGO:HPQ) 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.

HP Long-Term Capital Lease Obligation Related Terms

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HP (XSGO:HPQ) Business Description

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1501 Page Mill Road, Palo Alto, CA, USA, 94304

Website

https://www.hp.com

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.