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DigitalOcean Holdings (DigitalOcean Holdings) Long-Term Capital Lease Obligation : $95.2 Mil (As of Mar. 2024)


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What is DigitalOcean Holdings Long-Term Capital Lease Obligation?

DigitalOcean Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $95.2 Mil.

DigitalOcean Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($107.2 Mil) to Dec. 2023 ($91.2 Mil) but then increased from Dec. 2023 ($91.2 Mil) to Mar. 2024 ($95.2 Mil).

DigitalOcean Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($107.7 Mil) but then declined from Dec. 2022 ($107.7 Mil) to Dec. 2023 ($91.2 Mil).


DigitalOcean Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for DigitalOcean 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.

DigitalOcean Holdings Long-Term Capital Lease Obligation Chart

DigitalOcean Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 2.86 - - 107.69 91.16

DigitalOcean Holdings Quarterly Data
Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 133.47 113.37 107.23 91.16 95.17

DigitalOcean Holdings  (NYSE:DOCN) 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.

DigitalOcean Holdings Long-Term Capital Lease Obligation Related Terms

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DigitalOcean Holdings (DigitalOcean Holdings) Business Description

Industry
Traded in Other Exchanges
Address
101 6th Avenue, New York, NY, USA, 10013
DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.
Executives
Yancey L. Spruill director, officer: Chief Executive Officer 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Megan Wood officer: Chief Strategy Officer C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Jeffrey Scott Guy officer: Chief Operating Officer C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Warren Jenson director 30 FREDRICK AVE, ATHERTON CA 94027
Harold Matthew Norman officer: Chief People Officer C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Christopher Merritt director C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Carly D Brantz officer: Chief Marketing Officer C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Alan Shapiro officer: General Counsel
Amy S Butte director C/O L CATTERTON MANAGEMENT, 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Matt Steinfort officer: Chief Financial Officer 1805 29TH STREET SUITE 2050, BOULDER CO 80301
Muhammad Aaqib Gadit officer: Chief Revenue Officer C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Gabriel Monroy officer: Chief Product Officer C/O DIGITALOCEAN HOLDINGS, INC., 101 6TH AVENUE, NEW YORK NY 10013
Adrienne Elizabeth Calderone officer: SVP, Chief Accounting Officer 101 6TH AVENUE, NEW YORK NY 10013
Andreessen Horowitz Fund Iii, L.p. 10 percent owner 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ah Capital Management, L.l.c. 10 percent owner 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025

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