Okta (BSP:O1KT34) Long-Term Capital Lease Obligation : R$551 Mil (As of Jan. 2024)

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What is Okta Long-Term Capital Lease Obligation?

Okta's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was R$551 Mil.

Okta's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (R$586 Mil) to Oct. 2023 (R$602 Mil) but then declined from Oct. 2023 (R$602 Mil) to Jan. 2024 (R$551 Mil).

Okta's annual Long-Term Capital Lease Obligation declined from Jan. 2022 (R$946 Mil) to Jan. 2023 (R$737 Mil) and declined from Jan. 2023 (R$737 Mil) to Jan. 2024 (R$551 Mil).

Okta Long-Term Capital Lease Obligation Historical Data

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

Okta Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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641.41

963.53

945.63

737.29

550.84

Okta 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															737.29	672.88	585.66	601.65	550.84

Okta (BSP:O1KT34) 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.

Okta Long-Term Capital Lease Obligation Related Terms

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Okta (BSP:O1KT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Okta Inc (BSP:O1KT34) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

OKTA:USA OKTA:Mexico 0OK:Germany

Address

100 First Street, Suite 600, San Francisco, CA, USA, 94105

Website

https://www.okta.com

Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.

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