Kyndryl Holdings (WBO:KD) Long-Term Capital Lease Obligation : €642 Mil (As of Dec. 2023)

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What is Kyndryl Holdings Long-Term Capital Lease Obligation?

Kyndryl Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €642 Mil.

Kyndryl Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€620 Mil) to Sep. 2023 (€618 Mil) but then increased from Sep. 2023 (€618 Mil) to Dec. 2023 (€642 Mil).

Kyndryl Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€699 Mil) to Dec. 2021 (€891 Mil) but then declined from Dec. 2021 (€891 Mil) to Mar. 2023 (€660 Mil).

Kyndryl Holdings Long-Term Capital Lease Obligation Historical Data

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

Kyndryl Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Mar23

Mar24

Long-Term Capital Lease Obligation

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891.00

698.70

891.20

660.34

Kyndryl Holdings Quarterly Data
	Dec18	Dec19	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													660.34	620.26	618.42	641.90	-

Kyndryl Holdings (WBO:KD) 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.

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Kyndryl Holdings (WBO:KD) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Kyndryl Holdings Inc (WBO:KD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KD:USA KD:Mexico 7XU:Germany 7XU:Germany 7XU:Germany

Address

One Vanderbilt Avenue, 15th Floor, New York, NY, USA, 10017

Website

https://www.kyndryl.com

Kyndryl Holdings Inc is a technology services and infrastructure services provider company. It provides advisory, implementation, and managed services across a range of technology domains to help customers manage and modernize enterprise IT environments in support of their business and transformation objectives.