Knoll (KNL) Long-Term Capital Lease Obligation : $173 Mil (As of Mar. 2021)

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What is Knoll Long-Term Capital Lease Obligation?

Knoll's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $173 Mil.

Knoll's quarterly Long-Term Capital Lease Obligation increased from Sep. 2020 ($108 Mil) to Dec. 2020 ($141 Mil) and increased from Dec. 2020 ($141 Mil) to Mar. 2021 ($173 Mil).

Knoll's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0 Mil) to Dec. 2019 ($87 Mil) and increased from Dec. 2019 ($87 Mil) to Dec. 2020 ($141 Mil).

Knoll Long-Term Capital Lease Obligation Historical Data

The historical data trend for Knoll'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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Knoll Long-Term Capital Lease Obligation Chart

Knoll Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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87.00

141.20

Knoll Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															98.70	104.30	107.70	141.20	173.10

Knoll (NYSE:KNL) 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.

Knoll Long-Term Capital Lease Obligation Related Terms

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Knoll (KNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Knoll Inc (NYSE:KNL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1235 Water Street, East Greenville, PA, USA, 18041

Website

https://www.knoll.com

Knoll Inc designs and manufactures appliances for use both in the workplace and at home. The company's product portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements, via the brand's Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck, Edelman Leather, and Holly Hunt. Knoll operates through Office and Lifestyle and Corporate segments.

Executives

Global Furniture Holdings S.a R.l	10 percent owner	23 AVENUE MONTEREY LUXEMBOURG N4 L-2163
David L Schutte	officer: EVP - Lifestyle	C/O KNOLL, INC. 1235 WATER STREET EAST GREENVILLE PA 18041
Stephanie Stahl	director	C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
Investindustrial Advisors Ltd	10 percent owner	16 PALACE STREET LONDON X0 SW1E 5JD
Global Furniture Investments S.a R.l.	10 percent owner	23, AVENUE MONTEREY LUXEMBOURG N4 L-2163
Investments Sarl Furniture	10 percent owner	23 AVENUE MONTEREY LUXEMBOURG N4 L-2163
Furniture Investments Management S.a R.l	10 percent owner	23, AVENUE MONTEREY LUXEMBOURG N4 L-2163
Furniture Investments Acquisitions S.c.s.	10 percent owner	23 AVENUE MONTEREY LUXEMBOURG N4 L-2163
Investindustrial Vii L.p.	10 percent owner	16 PALACE STREET LONDON X0 SW1E 5JD
Ronald R Kass	director	C/O KNOLL, INC. 1235 WATER STREET EAST GREENVILLE PA 18041
Daniel W Dienst	director	325 N. LASALLE ST., SUITE 550, CHICAGO IL 60610
Stephen F Fisher	director	C/O ENTERCOM COMMUNICATIONS CORP., 401 CITY AVENUE, SUITE 809, BALA CYNWYD PA 19004
Christopher G Kennedy	director	C/O INTERFACE INC, 2859 PACES FERRY ROAD SUITE 2000, ATLANTA GA 30339
Jeffrey Harris	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sarah E Nash	director	200 MILIK STREET, CARTERET NJ 07008