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N-able (N-able) Long-Term Capital Lease Obligation : $31.6 Mil (As of Mar. 2024)


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What is N-able Long-Term Capital Lease Obligation?

N-able's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $31.6 Mil.

N-able's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($30.9 Mil) to Dec. 2023 ($33.1 Mil) but then declined from Dec. 2023 ($33.1 Mil) to Mar. 2024 ($31.6 Mil).

N-able's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($37.8 Mil) to Dec. 2022 ($33.1 Mil) and declined from Dec. 2022 ($33.1 Mil) to Dec. 2023 ($33.1 Mil).


N-able Long-Term Capital Lease Obligation Historical Data

The historical data trend for N-able'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.

N-able Long-Term Capital Lease Obligation Chart

N-able Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 11.92 14.64 37.82 33.11 33.06

N-able 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 31.77 30.69 30.91 33.06 31.55

N-able  (NYSE:NABL) 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.

N-able Long-Term Capital Lease Obligation Related Terms

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N-able (N-able) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » N-able Inc (NYSE:NABL) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
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Address
30 Corporate Drive, Suite 400, Burlington, MA, USA, 01803
N-able Inc is a provider of cloud-based software solutions for managed service providers (MSPs), enabling them to support digital transformation and growth for small and medium-sized enterprises. With a flexible technology platform and powerful integrations, N-able makes it easy for MSPs to monitor, manage, and protect their end-customer systems, data, and networks. The company's growing portfolio of management, security, automation, and data protection solutions is built for IT services management professionals. Geographically, the majority of revenue is from the United States. it also has a presence in the United Kingdom and all other International regions.
Executives
Peter C Anastos officer: EVP, General Cnsl, Secretary N-ABLE, INC., 301 EDGEWATER DRIVE, SUITE 306, WAKEFIELD MA 01880
John Pagliuca director, officer: President and CEO 30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Tim James O'brien officer: EVP, Chief Financial Officer 30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Frank Colletti officer: Exec VP, Worldwide Sales 30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Ann Johnson director C/O N-ABLE, INC., 301 EDGEWATER DRIVE #305, WAKEFIELD MA 01880
Nb Pep Holdings Ltd 10 percent owner 325 NORTH SAINT PAUL STREET, 49TH FLOOR, DALLAS TX 75201
Neuberger Berman Insurance Fund Series Interests Of The Sali Multi-series Fund, L.p. 10 percent owner 325 N. SAINT PAUL STREET, SUITE 4900, DALLAS TX 75201
Tfl Trustee Co Ltd 10 percent owner 325 N. SAINT PAUL STREET, SUITE 4900, DALLAS TX 75201
Nb Strategic Co-investment Partners Ii Holdings Lp 10 percent owner 325 N. SAINT PAUL STREET, SUITE 4900, DALLAS TX 75201
Nb Crossroads Xx - Mc Holdings Lp 10 percent owner 325 N. SAINT PAUL STREET, SUITE 4900, DALLAS TX 75201
Alpinvest Ga B.v. 10 percent owner C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081KJ
Alpinvest Mich B.v. 10 percent owner C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081KJ
Alpinvest Ga Co C.v. 10 percent owner C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081KJ
Alpinvest Partners Co-investments 2014 I C.v. 10 percent owner C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081KJ
Alpinvest Partners 2014 I B.v. 10 percent owner C/O ALPINVEST PARTNERS B.V., JACHTHAVENWEG 118, AMSTERDAM P7 1081KJ