Rigetti Computing (Rigetti Computing) Long-Term Capital Lease Obligation : $5.88 Mil (As of Mar. 2024)

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What is Rigetti Computing Long-Term Capital Lease Obligation?

Rigetti Computing's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.88 Mil.

Rigetti Computing's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($6.71 Mil) to Dec. 2023 ($6.30 Mil) and declined from Dec. 2023 ($6.30 Mil) to Mar. 2024 ($5.88 Mil).

Rigetti Computing's annual Long-Term Capital Lease Obligation increased from Jan. 2021 ($0.00 Mil) to Dec. 2022 ($7.86 Mil) but then declined from Dec. 2022 ($7.86 Mil) to Dec. 2023 ($6.30 Mil).

Rigetti Computing Long-Term Capital Lease Obligation Historical Data

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

Rigetti Computing Annual Data

Trend

Jan20

Jan21

Dec22

Dec23

Long-Term Capital Lease Obligation

7.86

6.30

Rigetti Computing Quarterly Data
	Jan20	Oct20	Jan21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								7.48	7.28	6.71	6.30	5.88

Rigetti Computing (NAS:RGTI) 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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Rigetti Computing (Rigetti Computing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rigetti Computing Inc (NAS:RGTI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

775 Heinz Avenue, Berkeley, CA, USA, 94710

Website

https://www.rigetti.com

Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.

Executives

Richard Danis	officer: General Counsel and Corp. Sec.	5808 LAKE WASHINGTON BLVD. NE, SUITE 300, KIRKLAND WA 98033
David Rivas	officer: SVP, Sys. and Serv. (Software)	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94701
Thomas J Iannotti	director	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Alissa Fitzgerald	director	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Cathy L Mccarthy	director	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Jeffrey A. Bertelsen	officer: Chief Financial Officer	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Mike Harburn	officer: SVP, Fabrication Ops. Hardware	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Chad Rigetti	director, officer: President and CEO	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Brian J Sereda	officer: Chief Financial Officer	3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Subodh K Kulkarni	officer: President and CEO	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Supernova Partners Ii, Llc	other: Former 10% Owner	4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007
Gregory John Peters	officer: Chief Revenue Officer	C/O RIGETTI COMPUTING, INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Helene Gail Sandford	director	C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Amanda Sue Birch	officer: SVP, Technology Partnerships	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Bessemer Venture Partners X L.p.	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538