Spotify Technology (Spotify Technology) Long-Term Capital Lease Obligation : $536 Mil (As of Mar. 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 Mar. 2024 was $536 Mil.

Spotify Technology's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($555 Mil) to Dec. 2023 ($538 Mil) and declined from Dec. 2023 ($538 Mil) to Mar. 2024 ($536 Mil).

Spotify Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($654 Mil) to Dec. 2022 ($588 Mil) and declined from Dec. 2022 ($588 Mil) to Dec. 2023 ($538 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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691.11

701.95

654.24

587.92

537.62

Spotify Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															584.58	565.55	554.96	537.62	535.87

Spotify Technology (NYSE:SPOT) 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 (Spotify Technology) Business Description

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

Comparable Companies

Traded in Other Exchanges

SPOT:Mexico 1SPOT:Italy 639:Germany 639:Germany S1PO34:Brazil SPOT:Austria

Address

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

Website

https://www.spotify.com

Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 489 million total listeners. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 87% and 13% of Spotify's 2022 total revenue, respectively.