Verint Systems (Verint Systems) Long-Term Capital Lease Obligation : $30.9 Mil (As of Apr. 2024)

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What is Verint Systems Long-Term Capital Lease Obligation?

Verint Systems's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was $30.9 Mil.

Verint Systems's quarterly Long-Term Capital Lease Obligation increased from Oct. 2023 ($31.5 Mil) to Jan. 2024 ($33.2 Mil) but then declined from Jan. 2024 ($33.2 Mil) to Apr. 2024 ($30.9 Mil).

Verint Systems's annual Long-Term Capital Lease Obligation increased from Jan. 2022 ($32.3 Mil) to Jan. 2023 ($43.1 Mil) but then declined from Jan. 2023 ($43.1 Mil) to Jan. 2024 ($33.2 Mil).

Verint Systems Long-Term Capital Lease Obligation Historical Data

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

Verint Systems Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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97.58

59.68

32.29

43.05

33.19

Verint Systems Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															39.20	33.01	31.47	33.19	30.93

Verint Systems (NAS:VRNT) 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.

Verint Systems Long-Term Capital Lease Obligation Related Terms

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Verint Systems (Verint Systems) Business Description

Industry

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

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VTY:Germany

Address

175 Broadhollow Road, Suite 100, Melville, NY, USA, 11747

Website

https://www.verint.com

Verint Systems Inc with its subsidiaries helps brands provide Boundless Customer Engagement. The company's solutions help iconic brands close the gap created when it lacks the resources required to deliver experiences that fulfill customer expectations. The operating business segments are Customer Engagement. Geographically, it derives a majority of its revenue from the United States.

Executives

Grant A Highlander	officer: Chief Financial Officer	C/O VERINT SYSTEMS INC., 175 BROADHOLLOW ROAD, SUITE 100, MELVILLE NY 11747
William Kurtz	director	NOVELLUS SYSTEMS, INC., 4000 NORTH FIRST STREET, SAN JOSE CA 95134
Elan Moriah	officer: President, Contact Center Div.
Dan Bodner	director, officer: President & CEO Verint Systems
Peter Fante	officer: General Counsel
Richard N Nottenburg	director	1303 EAST ALGONQUIN ROAD, SCHAUMBURG IL 60196
Yvette H Smith	director	175 BROADHOLLOW ROAD, MELVILLE NY 11747
Douglas Robinson	officer: Chief Financial Officer	C/O VERINT SYSTEMS INC., 330 SOUTH SERVICE ROAD, MELVILLE NY 11747
John R Egan	director	176 SOUTH ST., HOPKINTON MA 01748
Kristen Robinson	director	2101 WEBSTER STREET #1650, OAKLAND CA 94612
French R Reid Jr	director	C/O INTERGRAPH CORP, 288 DUNLOP BLVD, HUNTSVILLE AL 35824
Linda M. Crawford	director	3365 CLAY STREET, SAN FRANCISCO CA 94118
Apax Guernsey (holdco) Pcc Ltd	10 percent owner	THIRD FLOOR, ROYAL BANK PLACE, 1 GLATEGNY ESPLANADE, ST. PETER PORT, GUERNSEY X0 GY1 2HJ
Valor Buyer Lp	10 percent owner	C/O APAX PARTNERS, LP, 601 LEXINGTON AVENUE, 53RD FLOOR, NEW YORK NY 10022
Apax X Gp Co. Ltd	10 percent owner	THIRD FLOOR, ROYAL BANK PLACE, 1 GLATEGNY ESPLANADE, ST. PETER PORT Y7 GY1 2HJ