Dollar General's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $9,703 Mil.
Dollar General's quarterly Long-Term Capital Lease Obligation
increased
from Jul. 2023 ($9,409 Mil) to Oct. 2023 ($9,541 Mil) and
increased
from Oct. 2023 ($9,541 Mil) to Jan. 2024 ($9,703 Mil).
Dollar General's annual Long-Term Capital Lease Obligation
increased
from Jan. 2022 ($8,891 Mil) to Jan. 2023 ($9,363 Mil) and
increased
from Jan. 2023 ($9,363 Mil) to Jan. 2024 ($9,703 Mil).
Dollar General Long-Term Capital Lease Obligation Historical Data
The historical data trend for Dollar General'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.
Dollar General (NYSE:DG) 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.
Dollar General Long-Term Capital Lease Obligation Related Terms
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Dollar General (Dollar General) Business Description
With over 19,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or lower.
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