Best Buy Co (BSP:BBYY34) Long-Term Capital Lease Obligation : R$10,815 Mil (As of Jan. 2024)

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What is Best Buy Co Long-Term Capital Lease Obligation?

Best Buy Co's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was R$10,815 Mil.

Best Buy Co's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (R$10,820 Mil) to Oct. 2023 (R$11,477 Mil) but then declined from Oct. 2023 (R$11,477 Mil) to Jan. 2024 (R$10,815 Mil).

Best Buy Co's annual Long-Term Capital Lease Obligation declined from Jan. 2022 (R$11,397 Mil) to Jan. 2023 (R$11,236 Mil) and declined from Jan. 2023 (R$11,236 Mil) to Jan. 2024 (R$10,815 Mil).

Best Buy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Best Buy Co'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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Best Buy Co Long-Term Capital Lease Obligation Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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8,974.89

10,927.82

11,397.33

11,235.92

10,815.12

Best Buy Co 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															11,235.92	10,685.75	10,820.33	11,476.89	10,815.12

Best Buy Co (BSP:BBYY34) 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.

Best Buy Co Long-Term Capital Lease Obligation Related Terms

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Best Buy Co (BSP:BBYY34) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (BSP:BBYY34) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BBY:USA BBY:Mexico BUY:Germany

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

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