Splunk (XSWX:SPLK) Long-Term Capital Lease Obligation : CHF133 Mil (As of Jan. 2024)

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What is Splunk Long-Term Capital Lease Obligation?

Splunk's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was CHF133 Mil.

Splunk's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (CHF167 Mil) to Oct. 2023 (CHF142 Mil) and declined from Oct. 2023 (CHF142 Mil) to Jan. 2024 (CHF133 Mil).

Splunk's annual Long-Term Capital Lease Obligation declined from Jan. 2022 (CHF207 Mil) to Jan. 2023 (CHF187 Mil) and declined from Jan. 2023 (CHF187 Mil) to Jan. 2024 (CHF133 Mil).

Splunk Long-Term Capital Lease Obligation Historical Data

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

Splunk Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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228.52

293.41

207.31

186.92

132.86

Splunk 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															186.92	175.75	167.41	141.70	132.86

Splunk (XSWX:SPLK) 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.

Splunk Long-Term Capital Lease Obligation Related Terms

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Splunk (XSWX:SPLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Splunk Inc (XSWX:SPLK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SPLK:USA S0U:Germany S1PL34:Brazil

Address

270 Brannan Street, San Francisco, CA, USA, 94107

Website

https://www.splunk.com

Splunk is a cloud-first software company that focuses on analyzing machine data. The company is a major player in two markets: security, and full-stack monitoring and analysis. The San Francisco-based firm focuses on enterprise clients, with more than 90% of the Fortune 100 using its solutions. The firm's top line consists of the sale of software licenses, cloud subscriptions, and maintenance and support.