Franklin Covey Co (Franklin Covey Co) Long-Term Capital Lease Obligation : $2.5 Mil (As of Feb. 2024)

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What is Franklin Covey Co Long-Term Capital Lease Obligation?

Franklin Covey Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $2.5 Mil.

Franklin Covey Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($4.4 Mil) to Nov. 2023 ($3.5 Mil) and declined from Nov. 2023 ($3.5 Mil) to Feb. 2024 ($2.5 Mil).

Franklin Covey Co's annual Long-Term Capital Lease Obligation declined from Aug. 2021 ($11.2 Mil) to Aug. 2022 ($8.0 Mil) and declined from Aug. 2022 ($8.0 Mil) to Aug. 2023 ($4.4 Mil).

Franklin Covey Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Franklin Covey Co'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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Franklin Covey Co Long-Term Capital Lease Obligation Chart

Franklin Covey Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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16.65

14.05

11.16

7.96

4.42

Franklin Covey Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.23	5.34	4.42	3.48	2.52

Franklin Covey Co (NYSE:FC) 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.

Franklin Covey Co Long-Term Capital Lease Obligation Related Terms

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Franklin Covey Co (Franklin Covey Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Franklin Covey Co (NYSE:FC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 West Parkway Boulevard, Salt Lake City, UT, USA, 84119-2331

Website

https://www.franklincovey.com

Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice, and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.

Executives

Meisha Sherman	officer: CPO	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119-2099
Jennifer C. Colosimo	officer: President, Enterprise Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Efrain Rivera	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Paul S Walker	director, officer: CEO, Director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Covey Michael Sean Merrill	officer: President, Education Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Dom Colleen D	officer: COO	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Craig Cuffie	director	2200 WEST PARKWAY BOULEVARD, SALT LAKE CITY UT 84119
Esther Kay Stepp	director
Nancy R Phillips	director	1515 BROADWAY, NEW YORK NY 10036
Michael Fung	director	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Donald J Mcnamara	director	4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE SUITE 4200, DALLAS TX 75201
Knowledge Capital Investment Group	10 percent owner	4200 CHASE TOWER WEST, 2200 ROSS AVENUE, DALLAS TX 75201
Van Bever Derek C M	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Scott Jeffery Miller	officer: EVP Bus Development/Marketing	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Joel Clinton Peterson	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101