La-Z-Boy (STU:LAZ) Long-Term Capital Lease Obligation : €384 Mil (As of Jan. 2024)

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What is La-Z-Boy Long-Term Capital Lease Obligation?

La-Z-Boy's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €384 Mil.

La-Z-Boy's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€339 Mil) to Oct. 2023 (€385 Mil) but then declined from Oct. 2023 (€385 Mil) to Jan. 2024 (€384 Mil).

La-Z-Boy's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (€247 Mil) to Apr. 2022 (€329 Mil) and increased from Apr. 2022 (€329 Mil) to Apr. 2023 (€336 Mil).

La-Z-Boy Long-Term Capital Lease Obligation Historical Data

The historical data trend for La-Z-Boy'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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La-Z-Boy Long-Term Capital Lease Obligation Chart

La-Z-Boy Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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248.55

246.64

328.59

335.77

La-Z-Boy 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															324.93	335.77	338.98	384.92	383.86

La-Z-Boy (STU:LAZ) 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.

La-Z-Boy Long-Term Capital Lease Obligation Related Terms

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La-Z-Boy (STU:LAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » La-Z-Boy Inc (STU:LAZ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LZB:USA

Address

One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138

Website

https://www.la-z-boy.com

La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.