Ncino (STU:6NC) Long-Term Capital Lease Obligation : €63.4 Mil (As of Jan. 2024)

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What is Ncino Long-Term Capital Lease Obligation?

Ncino's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €63.4 Mil.

Ncino's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€53.6 Mil) to Oct. 2023 (€56.4 Mil) and increased from Oct. 2023 (€56.4 Mil) to Jan. 2024 (€63.4 Mil).

Ncino's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (€39.5 Mil) to Jan. 2023 (€57.2 Mil) and increased from Jan. 2023 (€57.2 Mil) to Jan. 2024 (€63.4 Mil).

Ncino Long-Term Capital Lease Obligation Historical Data

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

Ncino Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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13.09

39.49

57.21

63.44

Ncino 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															57.21	55.02	53.57	56.37	63.44

Ncino (STU:6NC) 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.

Ncino Long-Term Capital Lease Obligation Related Terms

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Ncino (STU:6NC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ncino Inc (STU:6NC) » Definitions » Long-Term Capital Lease Obligation

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NCNO:USA 6NCA:Germany

Address

6770 Parker Farm Drive, Wilmington, NC, USA, 28405

Website

https://www.ncino.com

Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflow and utilizes data analytics & artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit, and other accounts and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. Ncino generates the majority of its revenue from subscription services. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.

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