MNDY (Monday.Com) Long-Term Capital Lease Obligation : $65.4 Mil (As of Sep. 2024)

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What is Monday.Com Long-Term Capital Lease Obligation?

Monday.Com's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $65.4 Mil.

Monday.Com's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($39.0 Mil) to Jun. 2024 ($37.3 Mil) but then increased from Jun. 2024 ($37.3 Mil) to Sep. 2024 ($65.4 Mil).

Monday.Com's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($58.6 Mil) but then declined from Dec. 2022 ($58.6 Mil) to Dec. 2023 ($42.9 Mil).

Monday.Com Long-Term Capital Lease Obligation Historical Data

The historical data trend for Monday.Com'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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Monday.Com Long-Term Capital Lease Obligation Chart

Monday.Com Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

58.64

42.95

Monday.Com Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															45.46	42.95	39.04	37.34	65.44

Monday.Com (NAS:MNDY) 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.

Monday.Com Long-Term Capital Lease Obligation Related Terms

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Monday.Com Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Monday.Com Ltd (NAS:MNDY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6B6:Germany

Address

6 Yitzhak Sadeh Street, Tel Aviv, ISR, 6777506

Website

https://www.monday.com

Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service, or SaaS model. The firm's solutions offer flexible and highly customizable tools to digitize business processes across countless use cases. Monday's offering supports workflow management across departments, real-time visibility and accountability, and automation capabilities. Monday also offers prepackaged CRM and DevOps management solutions, in addition to standalone survey and digital whiteboard tools. As of 2023, Monday served over 225,000 customers in more than 200 countries.