Spotify Technology (XTER:639) Long-Term Capital Lease Obligation : €446 Mil (As of Sep. 2024)

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What is Spotify Technology Long-Term Capital Lease Obligation?

Spotify Technology's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €446 Mil.

Spotify Technology's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (€493 Mil) to Jun. 2024 (€472 Mil) and declined from Jun. 2024 (€472 Mil) to Sep. 2024 (€446 Mil).

Spotify Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€579 Mil) to Dec. 2022 (€555 Mil) and declined from Dec. 2022 (€555 Mil) to Dec. 2023 (€493 Mil).

Spotify Technology Long-Term Capital Lease Obligation Historical Data

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

Spotify Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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622.00

577.00

579.00

555.00

493.00

Spotify Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															520.00	493.00	493.00	472.00	446.00

Spotify Technology (XTER:639) 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.

Spotify Technology Long-Term Capital Lease Obligation Related Terms

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Spotify Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spotify Technology SA (XTER:639) » Definitions » Long-Term Capital Lease Obligation

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Address

5, Place de la Gare, Luxembourg, LUX, L-1616

Website

https://www.spotify.com

Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.

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