Hennes & Mauritz AB (Hennes & Mauritz AB) Long-Term Capital Lease Obligation : $4,598 Mil (As of Feb. 2024)

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What is Hennes & Mauritz AB Long-Term Capital Lease Obligation?

Hennes & Mauritz AB's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $4,598 Mil.

Hennes & Mauritz AB's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($4,656 Mil) to Nov. 2023 ($4,567 Mil) but then increased from Nov. 2023 ($4,567 Mil) to Feb. 2024 ($4,598 Mil).

Hennes & Mauritz AB's annual Long-Term Capital Lease Obligation declined from Nov. 2021 ($5,155 Mil) to Nov. 2022 ($4,604 Mil) and declined from Nov. 2022 ($4,604 Mil) to Nov. 2023 ($4,567 Mil).

Hennes & Mauritz AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hennes & Mauritz AB'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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Hennes & Mauritz AB Long-Term Capital Lease Obligation Chart

Hennes & Mauritz AB Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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24.28

5,828.65

5,154.60

4,604.07

4,567.17

Hennes & Mauritz AB Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4,684.28	4,886.42	4,655.51	4,567.17	4,598.24

Hennes & Mauritz AB (OTCPK:HNNMY) 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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Hennes & Mauritz AB (Hennes & Mauritz AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hennes & Mauritz AB (OTCPK:HNNMY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HMRZF:USA HM B:Sweden HMBs:UK 0HBP:UK HMSA:Germany HMSB:Germany HMSB:Germany HMSB:Germany HMSB:Germany

Address

Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38

Website

https://www.hmgroup.com

Hennes & Mauritz is a global multibrand fashion conglomerate that was founded in 1947. Its flagship H&M brand accounts for most of revenue, but the newer brands (COS, &Other Stories, Monki, Weekday, and newly launched Arket) are growing a bit faster. H&M commands low-single-digit market share in a fragmented global apparel market. Just under 70% of revenue is generated in Europe and Africa, 14% in Asia and Oceania, and 23% in North and South America. The company operates around 4,400 stores globally of which 3,947 are H&M-brand stores.

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