ironSource (ironSource) Long-Term Capital Lease Obligation : $28.5 Mil (As of Jun. 2022)

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What is ironSource Long-Term Capital Lease Obligation?

ironSource's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was $28.5 Mil.

ironSource's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 ($30.1 Mil) to Mar. 2022 ($30.3 Mil) but then declined from Mar. 2022 ($30.3 Mil) to Jun. 2022 ($28.5 Mil).

ironSource's annual Long-Term Capital Lease Obligation increased from Dec. 2019 ($0.0 Mil) to Dec. 2020 ($32.2 Mil) but then declined from Dec. 2020 ($32.2 Mil) to Dec. 2021 ($30.1 Mil).

ironSource Long-Term Capital Lease Obligation Historical Data

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

ironSource Annual Data

Trend

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

32.24

30.08

ironSource Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					29.97	28.66	30.08	30.30	28.54

ironSource (NYSE:IS) 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.

ironSource Long-Term Capital Lease Obligation Related Terms

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ironSource (ironSource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ironSource Ltd (NYSE:IS) » Definitions » Long-Term Capital Lease Obligation

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Address

121 Menachem Begin Street, Azrieli Sarona Tower, Tel Aviv, ISR, 6701203

Website

https://www.is.com

ironSource Ltd is a business platform that enables mobile content creators to prosper within the app economy. App developers use ironSource's platform to turn their apps into successful, scalable businesses. The ironSource platform also empowers telecom operators to create a richer device experiences for their customers.