Kornit Digital (Kornit Digital) Long-Term Capital Lease Obligation : $16.4 Mil (As of Mar. 2024)

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What is Kornit Digital Long-Term Capital Lease Obligation?

Kornit Digital's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $16.4 Mil.

Kornit Digital's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($21.6 Mil) to Dec. 2023 ($18.5 Mil) and declined from Dec. 2023 ($18.5 Mil) to Mar. 2024 ($16.4 Mil).

Kornit Digital's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($21.9 Mil) to Dec. 2022 ($21.0 Mil) and declined from Dec. 2022 ($21.0 Mil) to Dec. 2023 ($18.5 Mil).

Kornit Digital Long-Term Capital Lease Obligation Historical Data

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

Kornit Digital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.23

18.69

21.90

21.04

18.53

Kornit Digital 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															25.36	23.04	21.61	18.53	16.40

Kornit Digital (NAS:KRNT) 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.

Kornit Digital Long-Term Capital Lease Obligation Related Terms

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Kornit Digital (Kornit Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kornit Digital Ltd (NAS:KRNT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KRNT:Mexico 0KD:Germany

Address

12 Ha'Amal Street, Afek Park, Rosh-Ha'Ayin, ISR, 4809246

Website

https://www.kornit.com

Kornit Digital Ltd develops, designs and markets digital printing solutions for the global printed textile industry. The company focuses on its DTG and DTF segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software and value-added services that allow for large-scale printing of short runs of complex images and designs directly on finished garments and fabrics. It has developed and offers a broad portfolio of differentiated digital printing solutions for the DTG market that provide answers to challenges faced by participants in the global printed textile industry. It generates revenue from sales of systems, ink and other consumables and service including software subscriptions.