Coinbase Global (STU:1QZ) Long-Term Capital Lease Obligation : €4 Mil (As of Dec. 2023)

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What is Coinbase Global Long-Term Capital Lease Obligation?

Coinbase Global's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4 Mil.

Coinbase Global's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€8 Mil) to Sep. 2023 (€5 Mil) and declined from Sep. 2023 (€5 Mil) to Dec. 2023 (€4 Mil).

Coinbase Global's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€66 Mil) to Dec. 2022 (€40 Mil) and declined from Dec. 2022 (€40 Mil) to Dec. 2023 (€4 Mil).

Coinbase Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Coinbase Global'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.

Coinbase Global Long-Term Capital Lease Obligation Chart

Coinbase Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

95.89

67.82

65.56

39.69

3.50

Coinbase Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												39.69	10.54	7.95	5.33	3.50

Coinbase Global (STU:1QZ) 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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Coinbase Global (STU:1QZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coinbase Global Inc (STU:1QZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

COIN:USA COIN:Mexico 1QZ:Germany C2OI34:Brazil COIN:Austria

Address

c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, DE, USA, 19801

Website

https://www.coinbase.com

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

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