Prada SpA (Prada SpA) Long-Term Capital Lease Obligation : $1,853 Mil (As of Dec. 2023)

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What is Prada SpA Long-Term Capital Lease Obligation?

Prada SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,853 Mil.

Prada SpA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1,916 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($1,853 Mil).

Prada SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,839 Mil) to Dec. 2022 ($1,817 Mil) but then increased from Dec. 2022 ($1,817 Mil) to Dec. 2023 ($1,853 Mil).

Prada SpA Long-Term Capital Lease Obligation Historical Data

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

Prada SpA Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,228.62

2,104.40

1,838.64

1,817.22

1,853.43

Prada SpA Quarterly Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	1,817.22	1,916.36	-	1,853.43

Prada SpA (OTCPK:PRDSY) 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.

Prada SpA Long-Term Capital Lease Obligation Related Terms

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Prada SpA (Prada SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Prada SpA (OTCPK:PRDSY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PRDSF:USA 01913:Hong Kong PRP:Germany

Address

Via Antonio Fogazzaro, 28, Milan, ITA, 20135

Website

https://www.pradagroup.com

Prada is a family owned holding comprising Prada brand, a younger and more fashion-oriented Miu Miu, and two classic shoe brands: Church's and Car Shoe. The company generates more than EUR 4.2 billion in sales, with almost 90% from the Prada brand. Leather goods make up 50% of retail sales, ready-to-wear 29%, footwear 18%, and licensing (mainly eyewear and fragrances) 3%. Geographically, Asia is the biggest region with 33% of retail sales, followed by Europe at 32%, 21% in the Americas, and 10% in Japan.

Prada SpA (Prada SpA) Headlines

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