Moncler SpA (FRA:MOV) Long-Term Capital Lease Obligation : €669 Mil (As of Jun. 2023)

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What is Moncler SpA Long-Term Capital Lease Obligation?

Moncler SpA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €669 Mil.

Moncler SpA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€598 Mil) to Dec. 2022 (€674 Mil) but then declined from Dec. 2022 (€674 Mil) to Jun. 2023 (€669 Mil).

Moncler SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€538 Mil) to Dec. 2021 (€585 Mil) and increased from Dec. 2021 (€585 Mil) to Dec. 2022 (€674 Mil).

Moncler SpA Long-Term Capital Lease Obligation Historical Data

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

Moncler SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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533.79

537.51

584.68

674.29

805.18

Moncler SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															584.68	598.21	674.29	669.43	805.18

Moncler SpA (FRA:MOV) 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.

Moncler SpA Long-Term Capital Lease Obligation Related Terms

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Moncler SpA (FRA:MOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Moncler SpA (FRA:MOV) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MONRY:USA MONRF:USA MONC:Mexico MONC:Italy MONCm:UK 0QII:UK MONC:Austria

Address

Via Stendhal, 47, Milan, ITA, 20144

Website

https://www.monclergroup.com

Moncler consists of its namesake brand and Stone Island (acquired in 2021). The Moncler brand is one of the leading players in luxury outerwear. It is globally present with 36% of sales generated in Europe, the Middle East, and Africa, 17% in the Americas, and 47% in Asia and rest of the world. Most of the company's sales are direct to consumer, with almost 80% generated through the own-retail channel. Around 75%-80% of revenue is generated in the core outerwear segment, with the remainder in the accessory, knitwear, and footwear categories. Stone Island contributed around 15% of revenue in 2022.