AppFolio (AppFolio) Long-Term Capital Lease Obligation : $40.5 Mil (As of Mar. 2024)

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What is AppFolio Long-Term Capital Lease Obligation?

AppFolio's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $40.5 Mil.

AppFolio's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($41.1 Mil) to Dec. 2023 ($41.1 Mil) but then declined from Dec. 2023 ($41.1 Mil) to Mar. 2024 ($40.5 Mil).

AppFolio's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($55.7 Mil) to Dec. 2022 ($50.2 Mil) and declined from Dec. 2022 ($50.2 Mil) to Dec. 2023 ($41.1 Mil).

AppFolio Long-Term Capital Lease Obligation Historical Data

The historical data trend for AppFolio'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.

AppFolio Long-Term Capital Lease Obligation Chart

AppFolio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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33.31

40.15

55.73

50.24

41.11

AppFolio 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															45.26	39.55	41.11	41.11	40.47

AppFolio (NAS:APPF) 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.

AppFolio Long-Term Capital Lease Obligation Related Terms

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AppFolio (AppFolio) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AppFolio Inc (NAS:APPF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4P0:Germany

Address

70 Castilian Drive, Santa Barbara, CA, USA, 93117

Website

https://www.appfolioinc.com

AppFolio Inc is a provider of cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. Its property management software provides small and medium-sized property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager); a cloud-based software solution for real estate investment managers that provides tools and services designed to manage investor relationships (Appfolio Investment Management). It also offers value-added services, such as Website design and electronic payment services. The business activity of the firm primarily functions through the United States and it derives revenue from the source of subscription fees.

Executives

William Shane Trigg	officer: General Manager, Real Estate	50 CASTILIAN DRIVE, GOLETA CA 93117
Matthew S Mazza	officer: Chief Legal Officer	50 CASTILIAN DR, SANTA BARBARA CA 93117
Janet Kerr	director	50 CASTILIAN DR, GOLETA CA 93117
Alexander Wolf	director	C/O IGSB, INC., 1483 EAST VALLEY ROAD, SUITE L, SANTA BARBARA CA 93150
Olivia Nottebohm	director	C/O DROPBOX. INC., 1800 OWENS STREET, SAN FRANCISCO CA 94158
Maurice J Duca	10 percent owner	PO BOX 5609, SANTA BARBARA CA 93150
Timothy K Bliss	director, 10 percent owner	P O BOX 50440, SANTA BARBARA CA 93150
Jonathan Walker	director, officer: Chief Technology Officer	50 CASTILIAN DRIVE, GOLETA CA 93117
Appfolio Inc	officer: Chief Legal Officer	70 CASTILIAN DRIVE, SANTA BARBARA CA 93117
Jason Robert Randall	officer: SVP, AppFolio Property Manager	4942 LA GAMA WAY, SANTA BARBARA CA 93111
Igsb Internal Venture Fund Iii, Llc	10 percent owner	P.O. BOX 5609, SANTA BARBARA CA 93150
Rauth William R Iii	director, 10 percent owner	PO BOX 5609, SANTA BARBARA CA 93150
Fay Sien Goon	officer: Chief Financial Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Ann M Wilson	officer: Principal Accounting Officer	1411 E MISSION AVENUE, SPOKANE WA 99202
Ida Kathleen Kane	officer: Chief Financial Officer	C/O VIMEO, INC., 330 WEST 34TH STREET 5TH FLOOR, NEW YORK NY 10001