Five Below (STU:6F1) Long-Term Capital Lease Obligation : €1,375 Mil (As of Jan. 2024)

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What is Five Below Long-Term Capital Lease Obligation?

Five Below's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €1,375 Mil.

Five Below's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€1,261 Mil) to Oct. 2023 (€1,378 Mil) but then declined from Oct. 2023 (€1,378 Mil) to Jan. 2024 (€1,375 Mil).

Five Below's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (€1,004 Mil) to Jan. 2023 (€1,204 Mil) and increased from Jan. 2023 (€1,204 Mil) to Jan. 2024 (€1,375 Mil).

Five Below Long-Term Capital Lease Obligation Historical Data

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

Five Below Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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754.70

794.12

1,003.74

1,203.59

1,374.78

Five Below 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															1,203.59	1,195.14	1,260.81	1,378.22	1,374.78

Five Below (STU:6F1) 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.

Five Below Long-Term Capital Lease Obligation Related Terms

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Five Below (STU:6F1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Five Below Inc (STU:6F1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FIVE:USA

Address

701 Market Street, Suite 300, Philadelphia, PA, USA, 19106

Website

https://www.fivebelow.com

Five Below is a value-oriented retailer that operated 1,340 stores in the United States as of the end of fiscal 2022. Catering to teen and preteen consumers, its stores feature a wide variety of merchandise, the vast majority of which is priced below $6. The assortment focuses on discretionary items in several categories, particularly leisure (such as sporting goods, toys, and electronics; 48% of fiscal 2022 sales), fashion and home (for example, beauty products and accessories, home goods, and storage solutions; 29% of fiscal 2022 sales), and party and snack (including seasonal goods, candy, and beverages; 23% of fiscal 2022 sales). The chain had stores in 42 states as of the end of fiscal 2022.

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