Cogent Communications Holdings (FRA:OGM1) Long-Term Capital Lease Obligation : €712.4 Mil (As of Mar. 2024)

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What is Cogent Communications Holdings Long-Term Capital Lease Obligation?

Cogent Communications Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €712.4 Mil.

Cogent Communications Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€703.6 Mil) to Dec. 2023 (€687.8 Mil) but then increased from Dec. 2023 (€687.8 Mil) to Mar. 2024 (€712.4 Mil).

Cogent Communications Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€301.4 Mil) to Dec. 2022 (€360.3 Mil) and increased from Dec. 2022 (€360.3 Mil) to Dec. 2023 (€687.8 Mil).

Cogent Communications Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cogent Communications 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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Cogent Communications Holdings Long-Term Capital Lease Obligation Chart

Cogent Communications Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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223.49

258.73

301.45

360.26

687.77

Cogent Communications Holdings 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															366.62	708.05	703.63	687.77	712.42

Cogent Communications Holdings (FRA:OGM1) 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.

Cogent Communications Holdings Long-Term Capital Lease Obligation Related Terms

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Cogent Communications Holdings (FRA:OGM1) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogent Communications Holdings Inc (FRA:OGM1) » Definitions » Long-Term Capital Lease Obligation

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CCOI:USA

Address

2450 N Street North West, Washington, DC, USA, 20037

Website

https://www.cogentco.com

Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.

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