Big Lots (Big Lots) Long-Term Capital Lease Obligation

: $1,674 Mil (As of Oct. 2023)

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Big Lots's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $1,674 Mil.

Big Lots's quarterly Long-Term Capital Lease Obligation declined from Apr. 2023 ($1,483 Mil) to Jul. 2023 ($1,454 Mil) but then increased from Jul. 2023 ($1,454 Mil) to Oct. 2023 ($1,674 Mil).

Big Lots's annual Long-Term Capital Lease Obligation increased from Jan. 2021 ($1,465 Mil) to Jan. 2022 ($1,570 Mil) but then declined from Jan. 2022 ($1,570 Mil) to Jan. 2023 ($1,514 Mil).

Big Lots Long-Term Capital Lease Obligation Historical Data

The historical data trend for Big Lots'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.

Big Lots Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

144.48

1,039.86

1,465.43

1,569.71

1,514.01

Big Lots Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation																1,575.68	1,514.01	1,483.39	1,453.96	1,674.31

Big Lots (NYSE:BIG) 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.

Big Lots Long-Term Capital Lease Obligation Related Terms

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Big Lots (Big Lots) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Big Lots Inc (NYSE:BIG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4B3:Germany 4B3:Germany

Address

4900 East Dublin-Granville Road, Columbus, OH, USA, 43081

Website

https://www.biglots.com

Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.

Executives

Christopher J Mccormick	director	669 HALYARD LANE, LONGBOAT KEY FL 34228
Sebastian Digrande	director	2 FOLSOM STREET, SAN FRANCISCO CA 94105
Michael Allen Schlonsky	officer: Senior Vice President	300 PHILLIPI ROAD, COLUMBUS OH 43228
Robins Ronald A Jr	officer: Senior Vice President	6301 FITCH PATH, NEW ALBANY OH 43054
Bruce K Thorn	director, officer: CEO & President	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799
Margarita Giannantonio	officer: Executive Vice President	4900 E DUBLIN GRANVILLE RD, COLUMBUS OH 43081
Nicholas E Padovano	officer: Senior Vice President	4900 E DUBLIN GRANVILLE RD, COLUMBUS OH 43081
Gurmeet Singh	officer: Executive Vice President	2 FOLSOM ST, SAN FRANCISCO CA 94105
Sandra Yvette Campos	director	4900 E DUBLIN GRANVILLE RD, COLUMBUS OH 43081
Kimberley Alexis Newton	director	4900 E DUBLIN GRANVILLE RD, COLUMBUS OH 43081
James R Chambers	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, SUITE 110, PARSIPPANY NJ 07054
Cynthia T Jamison	director	TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Gene Eddie Burt	officer: Executive Vice President	19601 N 27TH AVE, PHOENIX AZ 85027
Wendy Lee Schoppert	director	6105 TRENTON LANE NORTH, MINNEAPOLIS MN 55442
Jack Anthony Pestello	officer: Executive Vice President	4900 E DUBLIN GRANVILLE RD, COLUMBUS OH 43081