Watches of Switzerland Group (LSE:WOSG) Long-Term Capital Lease Obligation : £408 Mil (As of Oct. 2023)

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What is Watches of Switzerland Group Long-Term Capital Lease Obligation?

Watches of Switzerland Group's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was £408 Mil.

Watches of Switzerland Group's quarterly Long-Term Capital Lease Obligation increased from Oct. 2022 (£355 Mil) to Apr. 2023 (£363 Mil) and increased from Apr. 2023 (£363 Mil) to Oct. 2023 (£408 Mil).

Watches of Switzerland Group's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (£263 Mil) to Apr. 2022 (£294 Mil) and increased from Apr. 2022 (£294 Mil) to Apr. 2023 (£363 Mil).

Watches of Switzerland Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Watches of Switzerland Group'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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Watches of Switzerland Group Long-Term Capital Lease Obligation Chart

Watches of Switzerland Group Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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261.75

263.00

293.90

363.00

Watches of Switzerland Group Semi-Annual Data
	Apr16	Apr17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									260.58	293.90	354.90	363.00	408.10

Watches of Switzerland Group (LSE:WOSG) 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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Watches of Switzerland Group (LSE:WOSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Watches of Switzerland Group PLC (LSE:WOSG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WOSGF:USA WOSGl:UK 5WS:Germany

Address

2 Elland Road, Aurum House, Braunstone, Leicester, GBR, LE3 1TT

Website

https://www.thewosgroupplc.com

Watches of Switzerland Group PLC is a retailer of luxury watches in the United Kingdom. Other than luxury watch offerings, the company also offers luxury jewellery, fashion, and classic watches and a range of watch and jewellery aftercare services. The company's geographical segments are the United Kingdom and the United States, of which the majority of the revenue comes from the United Kingdom.

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