Squarespace (Squarespace) Long-Term Capital Lease Obligation : $94 Mil (As of Mar. 2024)

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What is Squarespace Long-Term Capital Lease Obligation?

Squarespace's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $94 Mil.

Squarespace's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($101 Mil) to Dec. 2023 ($98 Mil) and declined from Dec. 2023 ($98 Mil) to Mar. 2024 ($94 Mil).

Squarespace's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0 Mil) to Dec. 2022 ($110 Mil) but then declined from Dec. 2022 ($110 Mil) to Dec. 2023 ($98 Mil).

Squarespace Long-Term Capital Lease Obligation Historical Data

The historical data trend for Squarespace'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.

* Premium members only.

Squarespace Long-Term Capital Lease Obligation Chart

Squarespace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

110.17

97.71

Squarespace Quarterly Data
	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													107.17	104.02	100.71	97.71	94.32

Squarespace (NYSE:SQSP) 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.

Squarespace Long-Term Capital Lease Obligation Related Terms

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Squarespace (Squarespace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Squarespace Inc (NYSE:SQSP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

S2QS34:Brazil

Address

225 Varick Street, 12th Floor, New York, NY, USA, 10014

Website

https://www.squarespace.com

Squarespace is a provider of subscription-based website-building software and hosting services primarily servicing entrepreneurs and micro businesses. The company offers a range of add-on and standalone tools, including scheduling functionality, email marketing, member areas for paid content, and design tools for social media and video content. Following the 2021 acquisition of Tock, Squarespace has expanded into servicing hospitality customers with reservation, take-out, and event management software.

Executives

Anthony Casalena	director, 10 percent owner, officer: Chief Executive Officer	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
Nathan Gooden	officer: Chief Financial Officer	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
O'connor Courtenay	officer: General Counsel and Secretary	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
General Atlantic (sqrs) Lp	director, 10 percent owner	55 EAST 52ND STREET, FLOOR 33, NEW YORK NY 10055
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Paul Gubbay	officer: Chief Product Officer	C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
Jonathan D Klein	director	C/O GETTY IMAGES, INC., 601 N 34TH ST, SEATTLE WA 98103
Index Venture Growth Associates I Ltd	10 percent owner	5TH FLOOR, 44 ESPLANADE, ST HELIER, CHANNEL ISLANDS Y9 JE1 3FG
Index Ventures Growth I Parallel Entrepreneur Fund (jersey) L.p.	10 percent owner	NO.1 SEATON PLACE, ST. HELIER, JERSEY (CHANNEL ISLANDS) XX JE4 8YJ
Neela Montgomery	director	C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Liza Landsman	director	1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Anton J Levy	director	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Index Ventures Growth I (jersey) L.p.	10 percent owner	NO.1 SEATON PLACE, ST. HELIER, JERSEY (CHANNEL ISLANDS) XX JE4 8YJ
(jersey) Slp Yucca	10 percent owner	NO. 1 SEATON PLACE, ST. HELIER Y9 Y9 JE48YJ
General Atlantic (spv) Gp, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055