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Concentrix (STU:CO8) Long-Term Capital Lease Obligation : €0 Mil (As of Feb. 2024)


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What is Concentrix Long-Term Capital Lease Obligation?

Concentrix's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €0 Mil.


Concentrix Long-Term Capital Lease Obligation Historical Data

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

Concentrix Annual Data
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Long-Term Capital Lease Obligation
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Concentrix Quarterly Data
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Concentrix  (STU:CO8) 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.

Concentrix Long-Term Capital Lease Obligation Related Terms

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Concentrix (STU:CO8) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Concentrix Corp (STU:CO8) » Definitions » Long-Term Capital Lease Obligation
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Address
39899 Balentine Drive, Newark, CA, USA, 94560
Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.

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