Akamai Technologies (WBO:AKAM) Long-Term Capital Lease Obligation : €710 Mil (As of Dec. 2023)

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What is Akamai Technologies Long-Term Capital Lease Obligation?

Akamai Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €710 Mil.

Akamai Technologies's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€700 Mil) to Sep. 2023 (€713 Mil) but then declined from Sep. 2023 (€713 Mil) to Dec. 2023 (€710 Mil).

Akamai Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€626 Mil) to Dec. 2022 (€654 Mil) and increased from Dec. 2022 (€654 Mil) to Dec. 2023 (€710 Mil).

Akamai Technologies Long-Term Capital Lease Obligation Historical Data

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

Akamai Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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622.96

588.06

625.77

654.44

710.50

Akamai Technologies Quarterly Data
	Mar19	Jun19	Sep19	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															654.44	687.25	699.91	712.73	710.50

Akamai Technologies (WBO:AKAM) 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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Akamai Technologies (WBO:AKAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Akamai Technologies Inc (WBO:AKAM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AKAM:USA AK3:Germany AK3:Germany AK3:Germany A1KA34:Brazil

Address

145 Broadway, Cambridge, MA, USA, 02142

Website

https://www.akamai.com

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core delivery and computing businesses to protect customers from cyberthreats.