Stitch Fix (LTS:0L9X) Long-Term Capital Lease Obligation : $112 Mil (As of Jan. 2024)

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What is Stitch Fix Long-Term Capital Lease Obligation?

Stitch Fix's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $112 Mil.

Stitch Fix's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($125 Mil) to Oct. 2023 ($119 Mil) and declined from Oct. 2023 ($119 Mil) to Jan. 2024 ($112 Mil).

Stitch Fix's annual Long-Term Capital Lease Obligation increased from Jul. 2021 ($122 Mil) to Jul. 2022 ($141 Mil) but then declined from Jul. 2022 ($141 Mil) to Jul. 2023 ($125 Mil).

Stitch Fix Long-Term Capital Lease Obligation Historical Data

The historical data trend for Stitch Fix'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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Stitch Fix Long-Term Capital Lease Obligation Chart

Stitch Fix Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Long-Term Capital Lease Obligation

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140.18

121.62

141.33

125.42

Stitch Fix Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															139.64	131.91	125.42	118.74	111.94

Stitch Fix (LTS:0L9X) 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.

Stitch Fix Long-Term Capital Lease Obligation Related Terms

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Stitch Fix (LTS:0L9X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Stitch Fix Inc (LTS:0L9X) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SFIX:USA SYJ:Germany

Address

1 Montgomery Street, Suite 1100, San Francisco, CA, USA, 94104

Website

https://www.stitchfix.com

Stitch Fix Inc offers personal style services for men and women. The company engages in delivering one-to-one personalization to clients through the combination of data science and human judgment. It provides a shipment service called A FIX where the stylist's hand selects items from several merchandise with analysis of client and merchandise data to provide a personalized shipment of apparel, shoes, and accessories suited to the client's needs. The company offers products across categories, brands, product types, and price points including Women's, Petite, Maternity, Men's, and Plus. It also offers various product types, including denim, dresses, blouses, skirts, shoes, jewelry, and handbags, and sells merchandise across various ranges of price points.

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