Kidpik (Kidpik) Long-Term Capital Lease Obligation : $1.37 Mil (As of Mar. 2024)

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What is Kidpik Long-Term Capital Lease Obligation?

Kidpik's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.37 Mil.

Kidpik's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.85 Mil) to Dec. 2023 ($0.78 Mil) but then increased from Dec. 2023 ($0.78 Mil) to Mar. 2024 ($1.37 Mil).

Kidpik's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($1.06 Mil) but then declined from Dec. 2022 ($1.06 Mil) to Dec. 2023 ($0.78 Mil).

Kidpik Long-Term Capital Lease Obligation Historical Data

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

Kidpik Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.06

0.78

Kidpik Quarterly Data
	Dec19	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												1.00	0.93	0.85	0.78	1.37

Kidpik (NAS:PIK) 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.

Kidpik Long-Term Capital Lease Obligation Related Terms

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Kidpik (Kidpik) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kidpik Corp (NAS:PIK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Park Avenue South, 3rd Floor, New York, NY, USA, 10003

Website

https://www.kidpik.com

Kidpik Corp is a subscription-based e-commerce business geared toward kid products for girl's and boy's apparel, footwear, and accessories. The Company serves its customers through the clothing subscription box business, its retail website and 3rd party websites.

Executives

Jill Pasechnick	officer: CAO	101 NIEHAUS AVENUE, LITTLE FERRY NJ 07643
Jill Kronenberg	director	C/O 200 PARK AVENUE SOUTH, 3RD FLOOR, NEW YORK NY 10003
Hobart Sichel	director	1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
David Oddi	director
Adir Katzav	officer: EVP, CFO, and Treasurer	C/O EAGLE BULK SHIPPING INC., 477 MADISON AVENUE, NEW YORK NY 10022
Ezra Dabah	director, 10 percent owner, officer: President, CEO and Chairman	ONE DODGE DR, WEST CALDWELL NJ 07006
Renee Dabah	10 percent owner
Raine Silverstein	10 percent owner
Moshe Dabah	officer: VP, COO and CTO	C/O 200 PARK AVENUE SOUTH, 3RD FLOOR, NEW YORK NY 10003