Arezzo Industria E Comercio (BSP:ARZZ3) Long-Term Capital Lease Obligation : R$370 Mil (As of Mar. 2024)

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What is Arezzo Industria E Comercio Long-Term Capital Lease Obligation?

Arezzo Industria E Comercio's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$370 Mil.

Arezzo Industria E Comercio's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (R$402 Mil) to Dec. 2023 (R$408 Mil) but then declined from Dec. 2023 (R$408 Mil) to Mar. 2024 (R$370 Mil).

Arezzo Industria E Comercio's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$175 Mil) to Dec. 2022 (R$285 Mil) and increased from Dec. 2022 (R$285 Mil) to Dec. 2023 (R$408 Mil).

Arezzo Industria E Comercio Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arezzo Industria E Comercio'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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Arezzo Industria E Comercio Long-Term Capital Lease Obligation Chart

Arezzo Industria E Comercio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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168.91

160.47

174.88

284.89

407.51

Arezzo Industria E Comercio Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															339.92	394.96	401.93	407.51	370.47

Arezzo Industria E Comercio (BSP:ARZZ3) 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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Arezzo Industria E Comercio (BSP:ARZZ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arezzo Industria E Comercio SA (BSP:ARZZ3) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 1303, Belo Horizonte, MG, BRA, 30112000

Website

https://ri.arezzoco.com.br

Arezzo Industria e Comercio S.A. together with its subsidiaries engages in the manufacturing, development, molding, and sale of footwear, bags, and women's clothing and accessories. It operates more than 400 franchises and approximately 48 stores and an e-commerce website for the sale of products under the brand names Schutz, Arezzo, Alexandre Birman, Fiever, Vans, Reserva, Reserva Mini, Reserva Go, Oficina, INK, EVA, Troc, Baw, MyShoes, Carol Bassi, Brizza, Reversa, Simples Reserva, Unbrand Reserva and Anacapri. The company derives revenue through the sale of products and Royalty income.

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