Illumina (WBO:ILMN) Long-Term Capital Lease Obligation : €644 Mil (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Illumina Long-Term Capital Lease Obligation?

Illumina's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €644 Mil.

Illumina's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€654 Mil) to Dec. 2023 (€630 Mil) but then increased from Dec. 2023 (€630 Mil) to Mar. 2024 (€644 Mil).

Illumina's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€685 Mil) to Dec. 2022 (€702 Mil) but then declined from Dec. 2022 (€702 Mil) to Dec. 2023 (€630 Mil).

Illumina Long-Term Capital Lease Obligation Historical Data

The historical data trend for Illumina'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.

Illumina Long-Term Capital Lease Obligation Chart

Illumina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

625.50

551.56

684.99

702.34

629.98

Illumina Quarterly Data
	Jun19	Sep19	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															697.70	670.10	654.03	629.98	644.00

Illumina (WBO:ILMN) 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.

Illumina Long-Term Capital Lease Obligation Related Terms

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

Illumina (WBO:ILMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Illumina Inc (WBO:ILMN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ILMN:USA ILMN:Mexico 1ILMN:Italy ILU:Germany

Address

5200 Illumina Way, San Diego, CA, USA, 92122

Website

https://www.illumina.com

Illumina provides tools and services to analyze genetic material with life science and clinical lab applications. The company generates about 90% of its revenue from sequencing instruments, consumables, and services. Illumina's high-throughput technology enables whole genome sequencing in humans and other large organisms. Its lower throughput tools enable applications that require smaller data outputs, such as viral and cancer tumor screening. Illumina also sells microarrays (about 10% of sales) that enable lower-cost, focused genetic screening with primarily consumer and agricultural applications.