Darktrace (Darktrace) Long-Term Capital Lease Obligation : $58.5 Mil (As of Dec. 2023)

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What is Darktrace Long-Term Capital Lease Obligation?

Darktrace's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $58.5 Mil.

Darktrace's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($58.3 Mil) to Jun. 2023 ($52.7 Mil) but then increased from Jun. 2023 ($52.7 Mil) to Dec. 2023 ($58.5 Mil).

Darktrace's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($31.0 Mil) to Jun. 2022 ($60.1 Mil) but then declined from Jun. 2022 ($60.1 Mil) to Jun. 2023 ($52.7 Mil).

Darktrace Long-Term Capital Lease Obligation Historical Data

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

Darktrace Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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26.86

30.64

30.96

60.13

52.74

Darktrace Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						28.51	60.13	58.30	52.74	58.53

Darktrace (OTCPK:DRKTF) 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.

Darktrace Long-Term Capital Lease Obligation Related Terms

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Darktrace (Darktrace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Darktrace PLC (OTCPK:DRKTF) » Definitions » Long-Term Capital Lease Obligation

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DRKTY:USA DARKl:UK DARK:UK 7TJ:Germany

Address

Saint John’s Innovation Park, Cowley Road, Maurice Wilkes Building, Cambridge, GBR, CB4 0DS

Website

https://www.darktrace.com

Darktrace PLC is a provider of AI for the enterprise, with the first at-scale deployment of AI in cybersecurity. It is a pioneer of self-learning AI and is at the forefront of autonomous response technology. The Group's platform uses machine learning and AI algorithms to neutralize cyber threats across diverse digital estates, including the cloud and networks, IoT, and industrial control systems. Geographically, it derives a majority of revenue from the USA and Canada and also has a presence in the United Kingdom; Europe, and Rest of World.