Ribbon Communications (Ribbon Communications) Long-Term Capital Lease Obligation : $36.8 Mil (As of Mar. 2024)

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What is Ribbon Communications Long-Term Capital Lease Obligation?

Ribbon Communications's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $36.8 Mil.

Ribbon Communications's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($38.3 Mil) to Dec. 2023 ($38.7 Mil) but then declined from Dec. 2023 ($38.7 Mil) to Mar. 2024 ($36.8 Mil).

Ribbon Communications's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($55.2 Mil) to Dec. 2022 ($46.2 Mil) and declined from Dec. 2022 ($46.2 Mil) to Dec. 2023 ($38.7 Mil).

Ribbon Communications Long-Term Capital Lease Obligation Historical Data

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

Ribbon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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37.20

72.61

55.20

46.18

38.71

Ribbon Communications 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															43.37	41.83	38.28	38.71	36.77

Ribbon Communications (NAS:RBBN) 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.

Ribbon Communications Long-Term Capital Lease Obligation Related Terms

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Ribbon Communications (Ribbon Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ribbon Communications Inc (NAS:RBBN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NU42:Germany

Address

6500 Chase Oaks Boulevard, Suite 100, Plano, TX, USA, 75023

Website

https://www.ribboncommunications.com

Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. Its solutions enable its customers with a secure way to connect and leverage multivendor, multiprotocol communications systems and applications across their networks and the cloud, around the world and in a rapidly changing ecosystem of IP-enabled devices such as smartphones and tablets.

Executives

Miguel A Lopez	officer: EVP, CFO	HARRIS CORPORATION, 1025 W NASA BOULEVARD, MELBOURNE FL 32919
Bruce William Mcclelland	director, officer: President & CEO	3871 LAKEFIELD DRIVE, SUWANEE GA 30024
Dan Redington	officer: EVP of Global Sales	6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Scott Mair	director	6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Swarth Investments Inc.	10 percent owner	NEWPORT HOUSE, 15 THE GRANGE, ST PETER PORT Y7 GY1 4LA
Jpmorgan Chase & Co	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10017
Sam Bucci	officer: EVP & GM IP Optical Networks	3605 E PLANO PARKWAY, PLANO TX 75074
Bruns H Grayson	director	950 WINTER STREET, WALTHAM MA 02451
Stephen J. Mccaffery	officer: EVP EMEAS and APAC Sales	VICTORIA ROAD, WEST YORKSHIRE, SALTAIRE X0 BD183LF
Eric S Marmurek	officer: SVP, Finance & CAO	C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Patrick W Macken	officer: EVP, Chief Legal Officer	4515 THREE CHIMNEYS LANE, CUMMING GA 30041
Beatriz V Infante	director	4 TECHNOLOGY PARK DRIVE, SONUS NETWORKS, INC., WESTFORD MA 01886
Ewing R Stewart Jr	director	100 CENTURETEL DRIVE, MONROE LA 71203
Steven M Bruny	officer: EVP Sales, Americas	C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Shaul Shani	director	4001 WEST PKWY, C/O SAPIENS USA INC, CURRY NC 27519