Veeva Systems (XTER:VEE) Long-Term Capital Lease Obligation : €43 Mil (As of Jan. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Veeva Systems Long-Term Capital Lease Obligation?

Veeva Systems's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €43 Mil.

Veeva Systems's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€43 Mil) to Oct. 2023 (€45 Mil) but then declined from Oct. 2023 (€45 Mil) to Jan. 2024 (€43 Mil).

Veeva Systems's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (€39 Mil) to Jan. 2023 (€46 Mil) but then declined from Jan. 2023 (€46 Mil) to Jan. 2024 (€43 Mil).

Veeva Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Veeva Systems'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.

* Premium members only.

Veeva Systems Long-Term Capital Lease Obligation Chart

Veeva Systems Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

40.38

42.19

38.55

46.09

42.63

Veeva Systems 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															46.09	43.32	43.26	45.48	42.63

Veeva Systems (XTER:VEE) 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.

Veeva Systems Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Veeva Systems's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Veeva Systems (XTER:VEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veeva Systems Inc (XTER:VEE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VEEV:USA VEEV:Mexico V2EE34:Brazil VEEV:Austria

Address

4280 Hacienda Drive, Pleasanton, CA, USA, 94588

Website

https://www.veeva.com

Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.

Veeva Systems (XTER:VEE) Headlines

No Headlines