Topgolf Callaway Brands (FRA:CLY) Long-Term Capital Lease Obligation : €1,316 Mil (As of Mar. 2024)

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What is Topgolf Callaway Brands Long-Term Capital Lease Obligation?

Topgolf Callaway Brands's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,316 Mil.

Topgolf Callaway Brands's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,352 Mil) to Dec. 2023 (€1,314 Mil) but then increased from Dec. 2023 (€1,314 Mil) to Mar. 2024 (€1,316 Mil).

Topgolf Callaway Brands's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1,226 Mil) to Dec. 2022 (€1,357 Mil) but then declined from Dec. 2022 (€1,357 Mil) to Dec. 2023 (€1,314 Mil).

Topgolf Callaway Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Topgolf Callaway Brands'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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Topgolf Callaway Brands Long-Term Capital Lease Obligation Chart

Topgolf Callaway Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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123.93

146.31

1,226.08

1,357.00

1,314.43

Topgolf Callaway Brands 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															1,336.46	1,339.74	1,352.28	1,314.43	1,316.24

Topgolf Callaway Brands (FRA:CLY) 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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Topgolf Callaway Brands (FRA:CLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Topgolf Callaway Brands Corp (FRA:CLY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MODG:USA CLY:Germany

Address

2180 Rutherford Road, Carlsbad, CA, USA, 92008

Website

https://www.callawaygolf.com

Topgolf Callaway Brands Corp is a modern golf and active lifestyle company that provides world-class golf entertainment experiences, designs and manufactures premium golf equipment, and sells golf and active lifestyle apparel and other accessories. It operates in the below segments: Topgolf; Golf Equipment and Active Lifestyle. Some of its brands are Odyssey, OGIO, TravisMathew, and Jack Wolfskin. Its geographical segments are the United States, Europe, Japan, and the Rest of the World. Majority of the revenue is earned from United States.

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