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ARM Holdings (ARM Holdings) Long-Term Capital Lease Obligation : $194 Mil (As of Mar. 2024)


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What is ARM Holdings Long-Term Capital Lease Obligation?

ARM Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $194 Mil.

ARM Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($190 Mil) to Dec. 2023 ($195 Mil) but then declined from Dec. 2023 ($195 Mil) to Mar. 2024 ($194 Mil).

ARM Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($230 Mil) to Mar. 2023 ($193 Mil) but then increased from Mar. 2023 ($193 Mil) to Mar. 2024 ($194 Mil).

ARM Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for ARM Holdings'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.

ARM Holdings Long-Term Capital Lease Obligation Chart

ARM Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
- 230.00 193.00 194.00

ARM Holdings Quarterly Data
Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only 193.00 197.00 190.00 195.00 194.00

ARM Holdings  (NAS:ARM) 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.

ARM Holdings Long-Term Capital Lease Obligation Related Terms

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ARM Holdings (ARM Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ARM Holdings PLC (NAS:ARM) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
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Address
110 Fulbourn Road, Cambridge, GBR, CB1 9NJ
Website
https://www.arm.com
Arm Holdings is the IP owner and developer of the ARM architecture (ARM stands for Acorn RISC Machine), which is used in 99% of the world's smartphone CPU cores, and it also has high market share in other battery-powered devices like wearables, tablets, or sensors. Arm licenses its architecture for a fee, offering different types of licenses depending on the flexibility the customer needs. Customers like Apple or Qualcomm buy architectural licenses, which allows them to modify the architecture and add or delete instructions to tailor the chips to their specific needs. Other clients directly buy off-the-shelf designs from Arm. Both off-the-shelf and architectural customers pay a royalty fee per chip shipped.