Rite Aid (FRA:RTA1) Long-Term Capital Lease Obligation : €2,188 Mil (As of Aug. 2023)

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What is Rite Aid Long-Term Capital Lease Obligation?

Rite Aid's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was €2,188 Mil.

Rite Aid's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (€2,228 Mil) to May. 2023 (€2,169 Mil) but then increased from May. 2023 (€2,169 Mil) to Aug. 2023 (€2,188 Mil).

Rite Aid's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (€2,354 Mil) to Feb. 2022 (€2,301 Mil) and declined from Feb. 2022 (€2,301 Mil) to Feb. 2023 (€2,228 Mil).

Rite Aid Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rite Aid'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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Rite Aid Long-Term Capital Lease Obligation Chart

Rite Aid Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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21.20

2,503.11

2,353.65

2,301.10

2,228.08

Rite Aid Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,477.85	2,394.43	2,228.08	2,168.83	2,187.66

Rite Aid (FRA:RTA1) 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.

Rite Aid Long-Term Capital Lease Obligation Related Terms

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Rite Aid (FRA:RTA1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rite Aid Corp (FRA:RTA1) » Definitions » Long-Term Capital Lease Obligation

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RADCQ:USA

Address

1200 Intrepid Avenue, PO Box 3165, Philadelphia, PA, USA, 17105

Website

https://www.riteaid.com

Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.

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