Compagnie Financiere Richemont (Compagnie Financiere Richemont) Long-Term Capital Lease Obligation : $3,539 Mil (As of Sep. 2023)

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What is Compagnie Financiere Richemont Long-Term Capital Lease Obligation?

Compagnie Financiere Richemont's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3,539 Mil.

Compagnie Financiere Richemont's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($3,139 Mil) to Mar. 2023 ($3,513 Mil) and increased from Mar. 2023 ($3,513 Mil) to Sep. 2023 ($3,539 Mil).

Compagnie Financiere Richemont's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($3,535 Mil) to Mar. 2022 ($3,461 Mil) but then increased from Mar. 2022 ($3,461 Mil) to Mar. 2023 ($3,513 Mil).

Compagnie Financiere Richemont Long-Term Capital Lease Obligation Historical Data

The historical data trend for Compagnie Financiere Richemont'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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Compagnie Financiere Richemont Long-Term Capital Lease Obligation Chart

Compagnie Financiere Richemont Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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235.03

3,018.79

3,534.52

3,461.45

3,512.85

Compagnie Financiere Richemont Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,476.47	3,461.45	3,138.61	3,512.85	3,538.95

Compagnie Financiere Richemont (OTCPK:CFRHF) 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.

Compagnie Financiere Richemont Long-Term Capital Lease Obligation Related Terms

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Compagnie Financiere Richemont (Compagnie Financiere Richemont) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Compagnie Financiere Richemont SA (OTCPK:CFRHF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CFR:South Africa CFRUY:USA CFRI:Mexico CFRz:UK 0QMU:UK RIT1:Germany CFR:Switzerland

Address

50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293

Website

https://www.richemont.com

Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up 85% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 67% of revenue and over 86% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc.