Arco Platform (Arco Platform) Long-Term Capital Lease Obligation : $7.4 Mil (As of Jun. 2023)

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What is Arco Platform Long-Term Capital Lease Obligation?

Arco Platform's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $7.4 Mil.

Arco Platform's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($8.1 Mil) to Mar. 2023 ($8.2 Mil) but then declined from Mar. 2023 ($8.2 Mil) to Jun. 2023 ($7.4 Mil).

Arco Platform's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($4.4 Mil) to Dec. 2021 ($4.1 Mil) but then increased from Dec. 2021 ($4.1 Mil) to Dec. 2022 ($8.1 Mil).

Arco Platform Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arco Platform'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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Arco Platform Long-Term Capital Lease Obligation Chart

Arco Platform Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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4.63

4.37

4.07

8.12

Arco Platform Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.01	2.02	8.12	8.15	7.38

Arco Platform (NAS:ARCE) 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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Arco Platform (Arco Platform) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Arco Platform Ltd (NAS:ARCE) » Definitions » Long-Term Capital Lease Obligation

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Address

Rua Augusta 2840, 9th Floor, Suite 91, Consolacao, Sao Paulo, SP, BRA, 01412-100

Website

https://www.arcoeducacao.com.br

Arco Platform Ltd provides a complete pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. Its turnkey curriculum solutions provide educational content in both printed and digital formats delivered through its platform to improve the learning process. Its operating segment includes Core Curriculum and Supplemental Solutions. It generates maximum revenue from the Core Curriculum segment. The Core Curriculum business segment provides solutions that address the Brazilian K-12 curriculum requirements through a personalized and interactive learning experience. Students Access content in various formats, such as digital, video, print, and other audiovisual formats that are aligned with the daily curriculum of their classes.