Pandora A/S (Pandora A/S) Long-Term Capital Lease Obligation : $405 Mil (As of Dec. 2023)

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What is Pandora A/S Long-Term Capital Lease Obligation?

Pandora A/S's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $405 Mil.

Pandora A/S's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($358 Mil) to Sep. 2023 ($376 Mil) and increased from Sep. 2023 ($376 Mil) to Dec. 2023 ($405 Mil).

Pandora A/S's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($262 Mil) to Dec. 2022 ($301 Mil) and increased from Dec. 2022 ($301 Mil) to Dec. 2023 ($405 Mil).

Pandora A/S Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pandora A/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.

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Pandora A/S Long-Term Capital Lease Obligation Chart

Pandora A/S Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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417.08

337.84

261.97

300.87

404.55

Pandora A/S Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															300.87	315.01	357.98	375.80	404.55

Pandora A/S (OTCPK:PNDZF) 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.

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Pandora A/S (Pandora A/S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pandora A/S (OTCPK:PNDZF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PANDY:USA PNDORc:UK 0NQC:UK PNDORA:Denmark 3P7:Germany

Address

Havneholmen 17-19, Copenhagen, DNK, DK-1561

Website

https://www.pandoragroup.com

Pandora is a premium jewelry brand and the market leader in the charm bracelet category. The company was established in the 1980s in Denmark and since then has expanded globally. Pandora has over 2,500 concept stores globally (1,600 owned and operated, and the remainder run by its franchise partners) as well as multibrand locations and stores-in-stores. Pandora owned retail accounts for 51% of sales, own online channels for 21% and wholesale for the remainder. Charms and bracelets account for almost three fourths of its sales. The firm produces mostly internally in two jewelry-crafting facilities in Thailand.