Block (FRA:SQ3) Long-Term Capital Lease Obligation : €259 Mil (As of Mar. 2024)

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What is Block Long-Term Capital Lease Obligation?

Block's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €259 Mil.

Block's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€284 Mil) to Dec. 2023 (€266 Mil) and declined from Dec. 2023 (€266 Mil) to Mar. 2024 (€259 Mil).

Block's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€350 Mil) to Dec. 2022 (€337 Mil) and declined from Dec. 2022 (€337 Mil) to Dec. 2023 (€266 Mil).

Block Long-Term Capital Lease Obligation Historical Data

The historical data trend for Block'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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Block Long-Term Capital Lease Obligation Chart

Block Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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97.95

320.30

349.59

337.40

265.74

Block 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															307.47	290.87	283.70	265.74	259.29

Block (FRA:SQ3) 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.

Block Long-Term Capital Lease Obligation Related Terms

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Block (FRA:SQ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (FRA:SQ3) » Definitions » Long-Term Capital Lease Obligation

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Address

1455 Market Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.block.xyz

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.

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