Myer Holdings (ASX:MYR) Long-Term Capital Lease Obligation : A$0 Mil (As of Jan. 2024)

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What is Myer Holdings Long-Term Capital Lease Obligation?

Myer Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was A$0 Mil.

Myer Holdings's quarterly Long-Term Capital Lease Obligation increased from Jan. 2023 (A$0 Mil) to Jul. 2023 (A$1,491 Mil) but then declined from Jul. 2023 (A$1,491 Mil) to Jan. 2024 (A$0 Mil).

Myer Holdings's annual Long-Term Capital Lease Obligation declined from Jul. 2021 (A$1,579 Mil) to Jul. 2022 (A$1,555 Mil) and declined from Jul. 2022 (A$1,555 Mil) to Jul. 2023 (A$1,491 Mil).

Myer Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Myer 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.

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Myer Holdings Long-Term Capital Lease Obligation Chart

Myer Holdings Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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1,627.20

1,579.30

1,555.00

1,490.60

Myer Holdings Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,555.00	-	1,490.60	-

Myer Holdings (ASX:MYR) 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.

Myer Holdings Long-Term Capital Lease Obligation Related Terms

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Myer Holdings (ASX:MYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Myer Holdings Ltd (ASX:MYR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

30M:Germany

Address

1000 La Trobe Street, Level 7, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.myer.com.au

Myer is Australia's largest department store operator, with some 60 stores that are mostly spread across eastern states. Stores are generally located in areas of high foot traffic in major metropolitan shopping centers. Competitive advantages include a well-established brand and scale benefits from a relatively large revenue base. The brand is somewhat iconic among Australian domestic consumers. The group's loyalty programme has more than 4 million active members.

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