Varonis Systems (LTS:0VOU) Long-Term Capital Lease Obligation : $48.0 Mil (As of Mar. 2024)

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What is Varonis Systems Long-Term Capital Lease Obligation?

Varonis Systems's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $48.0 Mil.

Varonis Systems's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($51.4 Mil) to Dec. 2023 ($51.3 Mil) and declined from Dec. 2023 ($51.3 Mil) to Mar. 2024 ($48.0 Mil).

Varonis Systems's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($68.7 Mil) to Dec. 2022 ($57.6 Mil) and declined from Dec. 2022 ($57.6 Mil) to Dec. 2023 ($51.3 Mil).

Varonis Systems Long-Term Capital Lease Obligation Historical Data

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

Varonis Systems Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

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Dec20

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Dec22

Dec23

Long-Term Capital Lease Obligation

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57.04

54.54

68.69

57.63

51.31

Varonis Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															55.99	53.57	51.43	51.31	48.01

Varonis Systems (LTS:0VOU) 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.

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Varonis Systems (LTS:0VOU) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Varonis Systems Inc (LTS:0VOU) » Definitions » Long-Term Capital Lease Obligation

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VRNS:USA VS2:Germany

Address

1250 Broadway, 29th Floor, New York, NY, USA, 10001

Website

https://www.varonis.com

Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

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