Winmark's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2022 was $4.69 Mil.
Winmark's quarterly Long-Term Capital Lease Obligation
declined
from Sep. 2021 ($4.95 Mil) to Dec. 2021 ($4.81 Mil) and
declined
from Dec. 2021 ($4.81 Mil) to Mar. 2022 ($4.69 Mil).
Winmark's annual Long-Term Capital Lease Obligation
declined
from Dec. 2019 ($6.68 Mil) to Dec. 2020 ($5.88 Mil) and
declined
from Dec. 2020 ($5.88 Mil) to Dec. 2021 ($4.81 Mil).
Winmark Long-Term Capital Lease Obligation Historical Data
The historical data trend for Winmark'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.
* Premium members only.
Winmark Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Long-Term Capital Lease Obligation
1.12
2.72
6.68
5.88
4.81
Winmark Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Long-Term Capital Lease Obligation
5.56
5.28
4.95
4.81
4.69
Winmark (NAS:WINA) 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.
Winmark Long-Term Capital Lease Obligation Related Terms
Thank you for viewing the detailed overview of Winmark's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell and trade gently used the merchandise. The company's reportable segments include Franchising and Leasing. The franchising segment franchises value-oriented retail store that buys, sells, trade and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.
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