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Weyco Group (Weyco Group) Long-Term Capital Lease Obligation : $9.5 Mil (As of Dec. 2023)


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What is Weyco Group Long-Term Capital Lease Obligation?

Weyco Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.5 Mil.

Weyco Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($9.9 Mil) to Sep. 2023 ($8.6 Mil) but then increased from Sep. 2023 ($8.6 Mil) to Dec. 2023 ($9.5 Mil).

Weyco Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($7.5 Mil) to Dec. 2022 ($10.7 Mil) but then declined from Dec. 2022 ($10.7 Mil) to Dec. 2023 ($9.5 Mil).


Weyco Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Weyco 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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Weyco Group Long-Term Capital Lease Obligation Chart

Weyco Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.11 7.73 7.52 10.66 9.53

Weyco Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.66 10.90 9.86 8.64 9.53

Weyco Group  (NAS:WEYS) 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.

Weyco Group Long-Term Capital Lease Obligation Related Terms

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Weyco Group (Weyco Group) Business Description

Traded in Other Exchanges
Address
333 West Estabrook Boulevard, P.O. Box 1188, Milwaukee, WI, USA, 53201
Weyco Group Inc is a company, engaged in the manufacturing, designing and distribution of footwear. The company designs and markets footwear for men, women, and children. The company organizes its business into two segments; the North American wholesale and the North American retail segment. It markets its apparel, accessories, and footwear under the brand name of Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The company has operational footprints in the United States, Canada, Europe, Asia, and Australia among others. It generates a majority of its revenue from the United States.
Executives
Allison Woss officer: VP - SUPPLY CHAIN WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Damian Walton officer: President-Florsheim Australia WEYCO GROUP, INC., 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Judy Anderson other: VP Finance/Treasurer 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Dustin Combs officer: VP, PRESIDENT - BOGS & RAFTERS WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Kevin Schiff officer: VP, PRESIDENT - FLORSHEIM WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Katherine Destinon officer: VP, PRESIDENT - NUNN BUSH WEYCO GROUP, INC., W.333 ESTABROOK BLVD, GLENDALE WI 53212
Brian Flannery officer: VP, PRESIDENT - STACY ADAMS 333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
George Sotiros officer: VP - INFORMATION SYSTEMS WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Jeffrey S Douglass officer: VP, Marketing WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Robert D Hanley officer: Director of Finance WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Joshua Wisenthal officer: President of Weyco Canada WEYCO GROUP, INC. 333 W. ESTABROOK BLVD, GLENDALE WI 53212
Michael Bernsteen officer: VP, President - Nunn Bush WEYCO GROUP, INC., 333 W. ESTABROOK BLVD., GLENDALE WI 53212
Thomas W Florsheim director, 10 percent owner 333 W. ESTABROOK BOULEVARD, GLENDALE WI 53212
Tina M Chang director 375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
John Wittkowske officer: Senior Vice President and CFO 333 W ESTABROOK BLVD, GLENDALE WI 53212