Express, (Express,) Long-Term Capital Lease Obligation

: $418 Mil (As of Oct. 2023)

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Express,'s Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was $418 Mil.

Express,'s quarterly Long-Term Capital Lease Obligation increased from Apr. 2023 ($408 Mil) to Jul. 2023 ($430 Mil) but then declined from Jul. 2023 ($430 Mil) to Oct. 2023 ($418 Mil).

Express,'s annual Long-Term Capital Lease Obligation declined from Jan. 2021 ($723 Mil) to Jan. 2022 ($537 Mil) and declined from Jan. 2022 ($537 Mil) to Jan. 2023 ($406 Mil).

Express, Long-Term Capital Lease Obligation Historical Data

The historical data trend for Express,'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.

Express, Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

897.30

722.95

536.91

406.45

Express, 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																437.09	406.45	408.01	429.56	417.59

Express, (OTCPK:EXPR) 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.

Express, Long-Term Capital Lease Obligation Related Terms

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Express, (Express,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Express, Inc. (OTCPK:EXPR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Express Drive, Columbus, OH, USA, 43230

Website

https://www.express.com

Express, Inc. is a United States-based specialty apparel retailer. It offers apparel and accessories for work, casual, jeanswear, and going-out. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel.

Executives

Stewart Glendinning	director, officer: Chief Executive Officer	1 EXPRESS DRIVE, COLUMBUS OH 43230
Yehuda Shmidman	director	C/O ICONIX BRAND GROUP, INC., 1450 BROADWAY, 4TH FLOOR, NEW YORK NY 10018
Satish Mehta	director	C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Jason N Judd	officer: SVP, CFO and Treasurer	50 N THIRD ST, NEWARK OH 43055
Patricia E Lopez	director	333 LUDLOW ST, STAMFORD CT 06902
Antonio Lucio	director	C/O EXPRESS INC., 1 EXPRESS DRIVE, COLUMBUS OH 43230
Laurel Krueger	officer: Chief Legal Officer & Corp Sec	ONE EXPRESS DRIVE, COLUMBUS OH 43230
Periclis Pericleous	officer: SVP, CFO and Treasurer	1 EXPRESS DR., COLUMBUS OH 43230
Matthew C Moellering	officer: EVP, CAO,CFO, Treasurer & Sec.	C/O EXPRESS PARENT LLC, ONE LIMITED PARKWAY, COLUMBUS OH 43230
Malissa Akay	officer: EVP, Chief Merch. Officer	1 EXPRESS DR., COLUMBUS OH 43230
Sara Tervo	officer: EVP, Chief Marketing Officer	1 EXPRESS DR., COLUMBUS OH 43230
Timothy G Baxter	director, officer: Chief Executive Officer	C/O EXPRESS, INC., 1 EXPRESS DR., COLUMBUS OH 43230
Contrarius Investment Management Ltd	10 percent owner	2 BOND STREET, ST. HELIER Y9 JE2 3NP
Contrarius Investment Management (bermuda) Ltd	10 percent owner	VICTORIA PLACE, 5TH FLOOR, 31 VICTORIA STREET, HAMILTON D0 HM 10
James A Hilt	officer: EVP, CMO, and ECommerce	1 EXPRESS DRIVE, COLUMBUS OH 43230