CCC Intelligent Solutions Holdings (FRA:0B1) Long-Term Capital Lease Obligation : €46.1 Mil (As of Mar. 2024)

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What is CCC Intelligent Solutions Holdings Long-Term Capital Lease Obligation?

CCC Intelligent Solutions Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €46.1 Mil.

CCC Intelligent Solutions Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€48.4 Mil) to Dec. 2023 (€46.6 Mil) and declined from Dec. 2023 (€46.6 Mil) to Mar. 2024 (€46.1 Mil).

CCC Intelligent Solutions Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€49.7 Mil) to Dec. 2022 (€51.2 Mil) but then declined from Dec. 2022 (€51.2 Mil) to Dec. 2023 (€46.6 Mil).

CCC Intelligent Solutions Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for CCC Intelligent Solutions 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.

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CCC Intelligent Solutions Holdings Long-Term Capital Lease Obligation Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

49.68

51.21

46.58

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	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											49.81	48.39	48.41	46.58	46.06

CCC Intelligent Solutions Holdings (FRA:0B1) 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.

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CCC Intelligent Solutions Holdings (FRA:0B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (FRA:0B1) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CCCS:USA

Address

167 North Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

CCC Intelligent Solutions Holdings (FRA:0B1) Headlines

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