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PetSmart Inc's long-term capital lease obligation for the quarter that ended in Oct. 2014 was $449 Mil.
PetSmart Inc's quarterly long-term capital lease obligation declined from Apr. 2014 ($451 Mil) to Jul. 2014 ($450 Mil) and declined from Jul. 2014 ($450 Mil) to Oct. 2014 ($449 Mil).
PetSmart Inc's annual long-term capital lease obligation declined from Jan. 2012 ($505 Mil) to Jan. 2013 ($465 Mil) and declined from Jan. 2013 ($465 Mil) to Jan. 2014 ($452 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;
PetSmart Inc Annual Data
PetSmart Inc Quarterly Data