Deere's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2022 was $52 Mil.
Deere's quarterly Long-Term Capital Lease Obligation
declined
from Jul. 2021 ($44 Mil) to Oct. 2021 ($40 Mil) but then
increased
from Oct. 2021 ($40 Mil) to Jan. 2022 ($52 Mil).
Deere's annual Long-Term Capital Lease Obligation
increased
from Oct. 2019 ($51 Mil) to Oct. 2020 ($153 Mil) but then
declined
from Oct. 2020 ($153 Mil) to Oct. 2021 ($40 Mil).
Deere Long-Term Capital Lease Obligation Historical Data
The historical data trend for Deere'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.
Deere Annual Data
Trend
Oct12
Oct13
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Long-Term Capital Lease Obligation
-
-
51.00
153.00
40.00
Deere Quarterly Data
Apr17
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Long-Term Capital Lease Obligation
-
115.00
44.00
40.00
52.00
Deere (NYSE:DE) 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.
Deere Long-Term Capital Lease Obligation Related Terms
Thank you for viewing the detailed overview of Deere's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through a robust dealer network, which includes over 1,900 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
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