CCCS (CCC Intelligent Solutions Holdings) Long-Term Capital Lease Obligation : $48.7 Mil (As of Jun. 2024)

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What is CCC Intelligent Solutions Holdings Long-Term Capital Lease Obligation?

CCC Intelligent Solutions Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $48.7 Mil.

CCC Intelligent Solutions Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 ($50.8 Mil) to Mar. 2024 ($50.1 Mil) and declined from Mar. 2024 ($50.1 Mil) to Jun. 2024 ($48.7 Mil).

CCC Intelligent Solutions Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($56.1 Mil) to Dec. 2022 ($54.2 Mil) and declined from Dec. 2022 ($54.2 Mil) to Dec. 2023 ($50.8 Mil).

CCC Intelligent Solutions Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for CCC Intelligent Solutions Holdings'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.

CCC Intelligent Solutions Holdings Long-Term Capital Lease Obligation Chart

CCC Intelligent Solutions Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

56.13

54.25

50.80

CCC Intelligent Solutions Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												52.43	51.67	50.80	50.07	48.66

CCC Intelligent Solutions Holdings (NAS:CCCS) 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.

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CCC Intelligent Solutions Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCC Intelligent Solutions Holdings Inc (NAS:CCCS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

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Traded in Other Exchanges

N/A

Address

167 N. Green Street, 9th Floor, Chicago, IL, USA, 60607

Website

https://www.cccis.com

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.

Executives

Michael John Silva	officer: See Remarks	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Mary Jo Prigge	officer: See Remarks
John Page Goodson	officer: Chief Technology Officer	14 OAK PARK DRIVE, BEDFORD MA 01730
Eileen Schloss	director	C/O MEDIDATA SOLUTIONS, INC., 79 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10003
Brian Herb	officer: See Remarks	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Rodney Christo	officer: Chief Accounting Officer	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Githesh Ramamurthy	director, officer: See Remarks	CCC INFORMATION SERVICES INC, 444 MERCHANDISE MART, CHICAGO IL 60654
Advent International Corp/ma	director, 10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Eric Wei	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Lauren Young	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Christopher Egan	director	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Marc Fredman	officer: See Remarks	222 MERCHANDISE MART PLAZA, SUITE 900, CHICAGO IL 60654
Advent International Gp, Llc	director, 10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
William Ingram	director	C/O LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Cypress Investor Holdings, Lp	director, 10 percent owner	PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199