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Zale Corp's long-term capital lease obligation for the quarter that ended in Jan. 2014 was $2 Mil.
Zale Corp's quarterly long-term capital lease obligation increased from Jul. 2013 ($0 Mil) to Oct. 2013 ($3 Mil) but then declined from Oct. 2013 ($3 Mil) to Jan. 2014 ($2 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;
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Zale Corp Annual Data
Zale Corp Quarterly Data