Ciena (FRA:CIE1) Long-Term Capital Lease Obligation : €27 Mil (As of Apr. 2024)

View and export this data going back to . Start your Free Trial

What is Ciena Long-Term Capital Lease Obligation?

Ciena's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was €27 Mil.

Ciena's quarterly Long-Term Capital Lease Obligation declined from Oct. 2023 (€77 Mil) to Jan. 2024 (€30 Mil) and declined from Jan. 2024 (€30 Mil) to Apr. 2024 (€27 Mil).

Ciena's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (€90 Mil) to Oct. 2022 (€97 Mil) but then declined from Oct. 2022 (€97 Mil) to Oct. 2023 (€77 Mil).

Ciena Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ciena'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.

Ciena Long-Term Capital Lease Obligation Chart

Ciena Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

59.02

104.53

89.78

97.00

77.13

Ciena Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															36.46	34.17	77.13	29.76	26.57

Ciena (FRA:CIE1) 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.

Ciena Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Ciena's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Ciena (FRA:CIE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ciena Corp (FRA:CIE1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CIEN:USA CIEN:Mexico 1CIEN:Italy CIE1:Germany

Address

7035 Ridge Road, Hanover, MD, USA, 21076

Website

https://www.ciena.com

Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.

Ciena (FRA:CIE1) Headlines

No Headlines