Perficient (Perficient) Long-Term Capital Lease Obligation : $17.9 Mil (As of Mar. 2024)

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What is Perficient Long-Term Capital Lease Obligation?

Perficient's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $17.9 Mil.

Perficient's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($18.1 Mil) to Dec. 2023 ($16.4 Mil) but then increased from Dec. 2023 ($16.4 Mil) to Mar. 2024 ($17.9 Mil).

Perficient's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($23.9 Mil) to Dec. 2022 ($18.5 Mil) and declined from Dec. 2022 ($18.5 Mil) to Dec. 2023 ($16.4 Mil).

Perficient Long-Term Capital Lease Obligation Historical Data

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

Perficient Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.65

29.10

23.90

18.53

16.45

Perficient 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															20.31	19.96	18.05	16.45	17.92

Perficient (NAS:PRFT) 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.

Perficient Long-Term Capital Lease Obligation Related Terms

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Perficient (Perficient) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Perficient Inc (NAS:PRFT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PFS:Germany

Address

555 Maryville University Drive, Suite 600, Saint Louis, MO, USA, 63141

Website

https://www.perficient.com

Perficient Inc provides a variety of information technology and consulting services that focus on digital experience, business optimization, and IT solutions. The company's services include big data analytics, technology platform implementations, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, business process management, and customer relationship management. It serves the healthcare, financial services, retail, and electronics industries. The vast majority of the company's revenue comes from the United States.

Executives

Thomas J. Hogan	officer: Chief Operating Officer	555 MARYVILLE UNIVERSITY DRIVE, SUITE 600, SAINT LOUIS MO 63141
David S Lundeen	director	C/O PROFICIENT INC, 7600-B N CAPITAL OF TEXAS HWY - STE 220, AUSTIN TX 78731
Jill Ackerman Jones	director	850 DIXIE HWY, LOUISVILLE KY 40210
Susan L. Adomite	officer: SVP, Controller & PAO	555 MARYVILLE UNIVERSITY DRIVE, SUITE 600, ST. LOUIS MO 63141
Kevin Thomas Sheen	officer: Senior Vice President	555 MARYVILLE UNIVERSITY DRIVE, SUITE 600, ST. LOUIS MO 63141
Nancy C Pechloff	director	10401 CLAYTON ROAD, ST LOUIS MO 63131
Brian L Matthews	director	555 MARYVILLE UNIVERSITY DRIVE, SUITE 600, SAINT LOUIS MO 63141
Ralph C Derrickson	director	1120 S CAPITAL OF TEXAS HIGHWAY, BLDG 3 SUITE 220, AUSTIN TX 78746
Romil Bahl	director	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Gary Wimberly	director	ONE EXPRESS WAY, ST. LOUIS MO 63121
Jeffrey S Davis	officer: Chairman and CEO	ONE CITYPLACE DRIVE, SUITE 190, SAINT LOUIS MO 63141
Paul E Martin	officer: Chief Financial Officer	CHARTER COMMUNICATIONS, INC., 12405 POWERSCOURT DRIVE, ST. LOUIS MO 63131
James R Kackley	director	855 EAST MAIN AVE, ZEELAND MI 49464-0302
Kathryn J Henely	officer: Chief Operating Officer	520 MARYVILLE CENTRE DR, SUITE 400, ST LOUIS MO 63141
John S Hamlin	director	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682