Wix.com (Wix.com) Long-Term Capital Lease Obligation : $402 Mil (As of Dec. 2023)

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What is Wix.com Long-Term Capital Lease Obligation?

Wix.com's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $402 Mil.

Wix.com's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($387 Mil) to Sep. 2023 ($374 Mil) but then increased from Sep. 2023 ($374 Mil) to Dec. 2023 ($402 Mil).

Wix.com's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($82 Mil) to Dec. 2022 ($173 Mil) and increased from Dec. 2022 ($173 Mil) to Dec. 2023 ($402 Mil).

Wix.com Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wix.com'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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Wix.com Long-Term Capital Lease Obligation Chart

Wix.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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64.24

74.19

81.76

172.98

401.63

Wix.com 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															172.98	141.12	386.61	374.44	401.63

Wix.com (NAS:WIX) 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.

Wix.com Long-Term Capital Lease Obligation Related Terms

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Wix.com (Wix.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wix.com Ltd (NAS:WIX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WIX:Mexico W1X:Germany W1IX34:Brazil

Address

5 Yunitsman St., Tel Aviv, ISR, 6936025

Website

https://www.wix.com

Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its core products consist of three web editors: the Wix Editor, intended for users with basic technological skills, Wix ADI, intended for novice users and Corvid, intended for more tech-savvy users. The company's web development technology is built based on HTML5 and offers HTML5 compatible capabilities, web design and layout tools, domain hosting, and other marketing and workflow management applications and services. The geographic segments include North America, Europe, Latin America, Asia and others.