PRGS (Progress Software) Long-Term Capital Lease Obligation : $24.3 Mil (As of Feb. 2025)

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What is Progress Software Long-Term Capital Lease Obligation?

Progress Software's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was $24.3 Mil.

Progress Software's quarterly Long-Term Capital Lease Obligation increased from Aug. 2024 ($8.6 Mil) to Nov. 2024 ($26.3 Mil) but then declined from Nov. 2024 ($26.3 Mil) to Feb. 2025 ($24.3 Mil).

Progress Software's annual Long-Term Capital Lease Obligation declined from Nov. 2022 ($15.0 Mil) to Nov. 2023 ($13.0 Mil) but then increased from Nov. 2023 ($13.0 Mil) to Nov. 2024 ($26.3 Mil).

Progress Software Long-Term Capital Lease Obligation Historical Data

The historical data trend for Progress Software'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.

Progress Software Long-Term Capital Lease Obligation Chart

Progress Software Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Long-Term Capital Lease Obligation

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26.97

23.13

15.04

13.00

26.26

Progress Software Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.21	9.97	8.60	26.26	24.26

Progress Software (NAS:PRGS) 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.

Progress Software Long-Term Capital Lease Obligation Related Terms

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Progress Software Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Progress Software Corp (NAS:PRGS) » Definitions » Long-Term Capital Lease Obligation

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PGR:Germany

Address

15 Wayside Road, Suite 400, Burlington, MA, USA, 01803

Website

https://www.progress.com

Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.

Executives

Loren Jarrett	officer: Chief Marketing Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
Yufan Stephanie Wang	officer: Chief Legal Officer	C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Ian Pitt	officer: Chief Information Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Domenic Lococo	officer: Chief Accounting Officer	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Anthony Folger	officer: Chief Financial Officer	C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Sundar Subramanian	officer: EVP/GM DevSecOps	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Yogesh K Gupta	director, officer: Chief Executive Officer	C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Kathryn Kulikoski	officer: CHIEF PEOPLE OFFICER	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
John Ainsworth	officer: Senior Vice President	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730
David Krall	director	C/O AVID TECHNOLOGY INC, ONE PARK WEST, TEWKSBURY MA 01876
Charles Francis Kane	director	14 OAK PARK DRIVE, BEDFORD MA 01730
Jeremy Segal	officer: Senior Vice President	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
Jennifer Ortiz	officer: EVP, Corporate Marketing	C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730
John R Egan	director	176 SOUTH ST., HOPKINTON MA 01748
Gary Quinn	officer: Senior Vice President	C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749