ServiceNow (ServiceNow) Long-Term Capital Lease Obligation : $693 Mil (As of Mar. 2024)

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What is ServiceNow Long-Term Capital Lease Obligation?

ServiceNow's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $693 Mil.

ServiceNow's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($682 Mil) to Dec. 2023 ($707 Mil) but then declined from Dec. 2023 ($707 Mil) to Mar. 2024 ($693 Mil).

ServiceNow's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($556 Mil) to Dec. 2022 ($650 Mil) and increased from Dec. 2022 ($650 Mil) to Dec. 2023 ($707 Mil).

ServiceNow Long-Term Capital Lease Obligation Historical Data

The historical data trend for ServiceNow'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.

ServiceNow Long-Term Capital Lease Obligation Chart

ServiceNow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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383.22

423.00

556.00

650.00

707.00

ServiceNow 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															655.00	635.00	682.00	707.00	693.00

ServiceNow (NYSE:NOW) 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.

ServiceNow Long-Term Capital Lease Obligation Related Terms

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ServiceNow (ServiceNow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ServiceNow Inc (NYSE:NOW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NOWW:Mexico 1NOW:Italy 4S0:Germany 4S0:Germany 4S0:Germany N1OW34:Brazil

Address

2225 Lawson Lane, Santa Clara, CA, USA, 95054

Website

https://www.servicenow.com

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

Executives

Paul Edward Chamberlain	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Paul John Smith	officer: Chief Commercial Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Chirantan Jitendra Desai	officer: Chief Product Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, LINCOLNSHIRE IL 60069
Christopher Bedi	officer: Chief Information Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Gina Mastantuono	officer: Chief Financial Officer	237 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10017
Russell S Elmer	officer: General Counsel
Jacqueline P Canney	officer: Chief People Officer	702 SW 8TH STREET, BENTONVILLE AR 72716
Nicholas Tzitzon	officer: Chief Strat & Corp Affairs Ofc	2225 LAWSON LANE, SANTA CLARA CA 95054
Anita M Sands	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Lawrence Jackson	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Frederic B Luddy	director, 10 percent owner, officer: CHIEF PRODUCT OFFICER
Teresa Briggs	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Kevin Thomas Mcbride	officer: Principal Accounting Officer	2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Lara Caimi	officer: Chief Customer & Partner Ofc	C/O CONFLUENT, INC., 899 W EVELYN AVENUE, MOUNTAIN VIEW CA 94041
Deborah Black	director	2225 LAWSON LANE, SANTA CLARA CA 95054