Reddit (Reddit) Long-Term Capital Lease Obligation : $20.8 Mil (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Reddit Long-Term Capital Lease Obligation?

Reddit's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20.8 Mil.

Reddit's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($23.2 Mil) to Dec. 2023 ($22.0 Mil) and declined from Dec. 2023 ($22.0 Mil) to Mar. 2024 ($20.8 Mil).

Reddit's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($6.6 Mil) to Dec. 2022 ($11.7 Mil) and increased from Dec. 2022 ($11.7 Mil) to Dec. 2023 ($22.0 Mil).

Reddit Long-Term Capital Lease Obligation Historical Data

The historical data trend for Reddit'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.

Reddit Long-Term Capital Lease Obligation Chart

Reddit Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

13.46

6.61

11.69

22.04

Reddit Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									11.69	-	23.20	22.04	20.84

Reddit (NYSE:RDDT) 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.

Reddit Long-Term Capital Lease Obligation Related Terms

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

Reddit (Reddit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Reddit Inc (NYSE:RDDT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 2nd Street, South Tower, 5th Floor, South Tower, 5th Floor, CA, USA, 94107

Website

https://www.redditinc.com

Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.

Reddit (Reddit) Headlines

From GuruFocus

Reddit Announces Pricing of Initial Public Offering

By Business Wire • 03-20-2024