Progress Software (STU:PGR) Long-Term Capital Lease Obligation : €10.4 Mil (As of Feb. 2024)

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What is Progress Software Long-Term Capital Lease Obligation?

Progress Software's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €10.4 Mil.

Progress Software's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (€13.8 Mil) to Nov. 2023 (€12.0 Mil) and declined from Nov. 2023 (€12.0 Mil) to Feb. 2024 (€10.4 Mil).

Progress Software's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (€20.3 Mil) to Nov. 2022 (€14.8 Mil) and declined from Nov. 2022 (€14.8 Mil) to Nov. 2023 (€12.0 Mil).

Progress Software Long-Term Capital Lease Obligation Historical Data

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

Progress Software Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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22.81

20.26

14.76

12.01

Progress Software Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.20	16.24	13.83	12.01	10.39

Progress Software (STU:PGR) 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.

Progress Software Long-Term Capital Lease Obligation Related Terms

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Progress Software (STU:PGR) Business Description

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PRGS:USA

Address

15 Wayside Road, Suite 400, Burlington, MA, USA, 01803

Website

https://www.progress.com

Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.