Capri Holdings (FRA:MKO) Long-Term Capital Lease Obligation : €1,338 Mil (As of Dec. 2023)

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What is Capri Holdings Long-Term Capital Lease Obligation?

Capri Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,338 Mil.

Capri Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€1,250 Mil) to Sep. 2023 (€1,210 Mil) but then increased from Sep. 2023 (€1,210 Mil) to Dec. 2023 (€1,338 Mil).

Capri Holdings's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (€1,392 Mil) to Mar. 2022 (€1,332 Mil) and declined from Mar. 2022 (€1,332 Mil) to Mar. 2023 (€1,259 Mil).

Capri Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Capri Holdings'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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Capri Holdings Long-Term Capital Lease Obligation Chart

Capri Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

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Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1,590.99

1,391.88

1,332.04

1,259.03

Capri Holdings 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															1,314.05	1,259.03	1,249.74	1,209.67	1,337.90

Capri Holdings (FRA:MKO) 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.

Capri Holdings Long-Term Capital Lease Obligation Related Terms

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Capri Holdings (FRA:MKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Capri Holdings Ltd (FRA:MKO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CPRI:USA MKO:Germany CAPH34:Brazil

Address

90 Whitfield Street, 2nd Floor, London, GBR, W1T 4EZ

Website

https://www.capriholdings.com

Michael Kors, Versace, and Jimmy Choo are the brands of Capri Holdings, a marketer, distributor, and retailer of upscale accessories and apparel. Michael Kors, Capri's largest brand, offers handbags, footwear, and apparel through more than 800 company-owned stores, wholesale, and e-commerce. Versace (acquired in 2018) is known for its ready-to-wear luxury fashion, while Jimmy Choo (acquired in 2017) is best known for women's luxury footwear. John Idol has served as CEO since 2003.

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