Pure Storage (STU:6PU) Long-Term Capital Lease Obligation : €113 Mil (As of Apr. 2024)

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What is Pure Storage Long-Term Capital Lease Obligation?

Pure Storage's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was €113 Mil.

Pure Storage's quarterly Long-Term Capital Lease Obligation declined from Oct. 2023 (€116 Mil) to Jan. 2024 (€113 Mil) and declined from Jan. 2024 (€113 Mil) to Apr. 2024 (€113 Mil).

Pure Storage's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (€83 Mil) to Jan. 2023 (€132 Mil) but then declined from Jan. 2023 (€132 Mil) to Jan. 2024 (€113 Mil).

Pure Storage Long-Term Capital Lease Obligation Historical Data

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

Pure Storage Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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83.77

98.82

82.64

132.22

113.10

Pure Storage Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															127.37	119.50	115.90	113.10	112.50

Pure Storage (STU:6PU) 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.

Pure Storage Long-Term Capital Lease Obligation Related Terms

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Pure Storage (STU:6PU) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (STU:6PU) » Definitions » Long-Term Capital Lease Obligation

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PSTG:USA

Address

650 Castro Street, Suite 400, Mountain View, CA, USA, 94041

Website

http://www.purestorage.com

Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

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