Pagaya Technologies (Pagaya Technologies) Long-Term Capital Lease Obligation : $41.8 Mil (As of Mar. 2024)

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What is Pagaya Technologies Long-Term Capital Lease Obligation?

Pagaya Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $41.8 Mil.

Pagaya Technologies's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($41.1 Mil) to Dec. 2023 ($43.9 Mil) but then declined from Dec. 2023 ($43.9 Mil) to Mar. 2024 ($41.8 Mil).

Pagaya Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($49.1 Mil) but then declined from Dec. 2022 ($49.1 Mil) to Dec. 2023 ($43.9 Mil).

Pagaya Technologies Long-Term Capital Lease Obligation Historical Data

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

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

49.10

43.94

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								46.40	43.92	41.12	43.94	41.84

Pagaya Technologies (NAS:PGY) 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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Pagaya Technologies (Pagaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pagaya Technologies Ltd (NAS:PGY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Derech Menachem Begin 121, Azrieli Sarona Building, 54th Floor, Tel-Aviv, ISR, 6701203

Website

https://www.pagaya.com

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.