Macy's (Macy's) Long-Term Capital Lease Obligation

: $2,986 Mil (As of Jan. 2024)

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Macy's's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $2,986 Mil.

Macy's's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($2,975 Mil) to Oct. 2023 ($3,034 Mil) but then declined from Oct. 2023 ($3,034 Mil) to Jan. 2024 ($2,986 Mil).

Macy's's annual Long-Term Capital Lease Obligation declined from Jan. 2022 ($3,098 Mil) to Jan. 2023 ($2,963 Mil) but then increased from Jan. 2023 ($2,963 Mil) to Jan. 2024 ($2,986 Mil).

Macy's Long-Term Capital Lease Obligation Historical Data

The historical data trend for Macy's'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.

Macy's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

2,918.00

3,185.00

3,098.00

2,963.00

2,986.00

Macy's Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation																2,963.00	2,996.00	2,975.00	3,034.00	2,986.00

Macy's (NYSE:M) 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.

Macy's Long-Term Capital Lease Obligation Related Terms

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Macy's (Macy's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Macy's Inc (NYSE:M) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

M:Mexico FDO:Germany FDO:Germany MACY34:Brazil MACY:Austria

Address

151 West 34th Street, New York, NY, USA, 10001

Website

https://www.macysinc.com

Founded in 1858 and based in New York City, Macy's operates about 550 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 158 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 61% of Macy's 2022 sales.

Executives

Adrian V Mitchell	officer: Chief Financial Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Paul Griscom	officer: Interim Principal Acctg. Offr.	C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
Danielle L. Kirgan	officer: Chief Human Resources Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Garcia C Elisa D	officer: Chief Legal Officer	151 WEST 34TH STREET, NEW YORK NY 10001
Jeffrey Gennette	officer: Chief Merchandising Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Antony Spring	officer: Chairman & CEO, Bloomingdale's	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Naveen K. Chopra	director	C/O 2160 GOLD STREET, SAN JOSE CA 95002
Emilie Arel	director	C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Jill Granoff	director	LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018
Marie A Chandoha	director	C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Ashley Buchanan	director	C/O THE MICHAELS COMPANIES, INC., 8000 BENT BRANCH DRIVE, IRVING TX 75063
Tracey Zhen	director	C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
John T. Harper	officer: Chief Operations Officer	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Paul C Varga	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Felicia Williams	officer: EVP,Controller/Enterprise Risk	C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001