Gen Digital (XTER:SYM) Long-Term Capital Lease Obligation

: €36 Mil (As of Dec. 2022)

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Gen Digital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was €36 Mil.

Gen Digital's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (€65 Mil) to Sep. 2022 (€41 Mil) and declined from Sep. 2022 (€41 Mil) to Dec. 2022 (€36 Mil).

Gen Digital's annual Long-Term Capital Lease Obligation declined from Mar. 2020 (€66 Mil) to Mar. 2021 (€55 Mil) but then increased from Mar. 2021 (€55 Mil) to Mar. 2022 (€68 Mil).

Gen Digital Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gen Digital'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.

Gen Digital Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Long-Term Capital Lease Obligation

66.06

55.44

68.10

Gen Digital Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation																71.69	68.10	65.27	41.41	35.87

Gen Digital (XTER:SYM) 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.

Gen Digital Long-Term Capital Lease Obligation Related Terms

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Gen Digital (XTER:SYM) Business Description

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Address

60 E. Rio Salado Parkway, Suite 1000, Tempe, AZ, USA, 85281

Website

https://www.gendigital.com

Gen is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's cyber safety offerings, via brands such as Norton, Avast, and LifeLock, have long maintained their positions as some of the most recognizable consumer-focused security and identity-protection products.