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Marvell Technology (FRA:9MW) Long-Term Capital Lease Obligation : €180 Mil (As of Jan. 2024)


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What is Marvell Technology Long-Term Capital Lease Obligation?

Marvell Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €180 Mil.

Marvell Technology's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€174 Mil) to Oct. 2023 (€187 Mil) but then declined from Oct. 2023 (€187 Mil) to Jan. 2024 (€180 Mil).

Marvell Technology's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (€124 Mil) to Jan. 2023 (€187 Mil) but then declined from Jan. 2023 (€187 Mil) to Jan. 2024 (€180 Mil).


Marvell Technology Long-Term Capital Lease Obligation Historical Data

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

Marvell Technology Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.32 85.73 124.03 187.09 179.93

Marvell Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 187.09 173.65 174.11 186.56 179.93

Marvell Technology  (FRA:9MW) 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.

Marvell Technology Long-Term Capital Lease Obligation Related Terms

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Marvell Technology (FRA:9MW) Business Description

Industry
Address
1000 N. West Street, Suite 1200, Wilmington, DE, USA, 19801
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

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