Porch Group (Porch Group) Long-Term Capital Lease Obligation : $0.0 Mil (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Porch Group Long-Term Capital Lease Obligation?

Porch Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil.

Porch Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($1.9 Mil) to Dec. 2023 ($0.0 Mil) but then stayed the same from Dec. 2023 ($0.0 Mil) to Mar. 2024 ($0.0 Mil).

Porch Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2.7 Mil) to Dec. 2022 ($2.5 Mil) and declined from Dec. 2022 ($2.5 Mil) to Dec. 2023 ($0.0 Mil).

Porch Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Porch Group'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.

Porch Group Long-Term Capital Lease Obligation Chart

Porch Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.69

2.54

Porch Group Quarterly Data
	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													2.59	2.14	1.90	-	-

Porch Group (NAS:PRCH) 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.

Porch Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Porch Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Porch Group (Porch Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Porch Group Inc (NAS:PRCH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

32RD:Germany

Address

411 1st Avenue South, Suite 501, Seattle, WA, USA, 98104

Website

https://porch.com

Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.

Executives

Camilla Velasquez	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Rachel Lam	director	C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
Matt Ehrlichman	director, 10 percent owner, officer: CEO, Chairman and Founder	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Park West Asset Management Llc	10 percent owner	1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Sean Davis Kell	director	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Matthew Neagle	officer: Chief Operating Officer	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Shawn Tabak	officer: Chief Financial Officer	23 BERENS DRIVE, KENTFIELD CA 94904
Amanda L Reierson	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104
Martin L. Heimbigner	officer: Chief Financial Officer	110 - 110TH AVE., NE, SUITE 300, BELLEVUE WA 98004
Asha Sharma	director	2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Maurice Tulloch	director	411 1ST AVENUE S., SUITE 501, SEATTLE WA 98104
Thomas D Hennessy	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Regi Vengalil	director	411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Javier Saade	director	2201 1ST AVENUE SOUTH, SUITE 300, SEATTLE WA 98134
Alan R Pickerill	director	C/O PORCH GROUP, INC., 411 1ST AVE S, STE. 501, SEATTLE WA 98104