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JC Penney Co Inc's long-term capital lease obligation for the quarter that ended in Oct. 2015 was $14 Mil.
JC Penney Co Inc's quarterly long-term capital lease obligation stayed the same from Apr. 2015 ($0 Mil) to Jul. 2015 ($0 Mil) but then increased from Jul. 2015 ($0 Mil) to Oct. 2015 ($14 Mil).
Capital lease obligations 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 current portion of a capital lease obligation is the portion of a long-term capital lease 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;
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
JC Penney Co Inc Annual Data
JC Penney Co Inc Quarterly Data