Temenos AG (XSWX:TEMN) Long-Term Capital Lease Obligation : CHF0.0 Mil (As of Mar. 2024)

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What is Temenos AG Long-Term Capital Lease Obligation?

Temenos AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was CHF0.0 Mil.

Temenos AG's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (CHF0.0 Mil) to Dec. 2023 (CHF18.3 Mil) but then declined from Dec. 2023 (CHF18.3 Mil) to Mar. 2024 (CHF0.0 Mil).

Temenos AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (CHF27.4 Mil) to Dec. 2022 (CHF24.9 Mil) and declined from Dec. 2022 (CHF24.9 Mil) to Dec. 2023 (CHF18.3 Mil).

Temenos AG Long-Term Capital Lease Obligation Historical Data

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

Temenos AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.74

28.17

27.41

24.92

18.28

Temenos AG 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															-	20.08	-	18.28	-

Temenos AG (XSWX:TEMN) 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.

Temenos AG Long-Term Capital Lease Obligation Related Terms

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Temenos AG (XSWX:TEMN) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Temenos AG (XSWX:TEMN) » Definitions » Long-Term Capital Lease Obligation

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TMSNY:USA TMNSF:USA TEMNz:UK 0QOA:UK TE8A:Germany

Address

2 Rue de L’Ecole-de-Chimie, Geneva, CHE, 1205

Website

https://www.temenos.com

Temenos AG is a Switzerland-based provider of software systems for banking and other financial services. Its digital banking offerings include corporate banking, investor servicing, retail banking, Islamic banking, Internet and mobile banking, and micro-banking capabilities. Its other offerings include financial crime analysis, payment processing, risk and compliance, portfolio and fund accounting, customer relationship management, data warehousing, and reporting. The firm has operations in the Americas, Europe, Middle East, Africa, and Asia-Pacific.

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