MillerKnoll (MillerKnoll) Long-Term Capital Lease Obligation : $355 Mil (As of Feb. 2024)

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What is MillerKnoll Long-Term Capital Lease Obligation?

MillerKnoll's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $355 Mil.

MillerKnoll's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($377 Mil) to Nov. 2023 ($361 Mil) and declined from Nov. 2023 ($361 Mil) to Feb. 2024 ($355 Mil).

MillerKnoll's annual Long-Term Capital Lease Obligation increased from May. 2021 ($221 Mil) to May. 2022 ($398 Mil) but then declined from May. 2022 ($398 Mil) to May. 2023 ($394 Mil).

MillerKnoll Long-Term Capital Lease Obligation Historical Data

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

MillerKnoll Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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178.80

221.10

398.20

393.70

MillerKnoll 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															374.20	393.70	377.00	360.70	355.20

MillerKnoll (NAS:MLKN) 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.

MillerKnoll Long-Term Capital Lease Obligation Related Terms

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MillerKnoll (MillerKnoll) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » MillerKnoll Inc (NAS:MLKN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MHR:Germany

Address

855 East Main Avenue, P.O. Box 302, Zeeland, MI, USA, 49464

Website

https://www.millerknoll.com

MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. The Company has three reportable segments: Americas Contract , International Contract & Specialty International & Specialty and Global Retail. The company's products are sold through a variety of sources, including owned and independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. The independent retailer division generates the majority of the firm's overall sales.

Executives

Jeffrey M Stutz	officer: TreasVPInvst Relatn	855 EAST MAIN, ZEELAND MI 49464
Mike C. Smith	director	STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Michael A Volkema	director
Michael R Smith	director	18 LOVETON CIRCLE, SPARKS MD 21152
Lisa A Kro	director	3700 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Megan Lyon	other: Chief Strategy Officer	855 EAST MAIN, ZEELAND MI 49464
Andi Owen	officer: President & CEO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Richard Scott	other: Chief Mfg and Ops Officer	855 EAST MAIN, ZEELAND MI 49464
Bruce Benedict Watson	other: Executive Creative Director	855 EAST MAIN, ZEELAND MI 49464
Kartik Shethia	other: President - Intl Contract	855 EAST MAIN AVE, ZEELAND MI 49464
Jeffrey L. Kurburski	other: VP Information Tech	855 EAST MAIN, ZEELAND MI 49464
Christopher M Baldwin	other: Group President, MillerKnoll	C/O KNOLL INC, 1235 WATER STREET, EAST GREENVILLE PA 18041
Jennifer K. Nicol	other: Chief People Officer	855 EAST MAIN AVE, ZEELAND MI 49464
John P Michael	officer: President, N America Contract	855 EAST MAIN, ZEELAND MI 49464
Debbie F Propst	officer: President - HM Consumer	855 EAST MAIN, ZEELAND MI 49464