Farfetch (Farfetch) Long-Term Capital Lease Obligation

: $195 Mil (As of Jun. 2023)

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Farfetch's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $195 Mil.

Farfetch's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($178 Mil) to Mar. 2023 ($192 Mil) and increased from Mar. 2023 ($192 Mil) to Jun. 2023 ($195 Mil).

Farfetch's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($165 Mil) to Dec. 2021 ($181 Mil) but then declined from Dec. 2021 ($181 Mil) to Dec. 2022 ($178 Mil).

Farfetch Long-Term Capital Lease Obligation Historical Data

The historical data trend for Farfetch'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.

Farfetch Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

100.83

165.28

180.92

178.25

Farfetch Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation																184.85	169.26	178.25	192.38	194.58

Farfetch (OTCPK:FTCHF) 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.

Farfetch Long-Term Capital Lease Obligation Related Terms

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Farfetch (Farfetch) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Farfetch Ltd (OTCPK:FTCHF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FTCH:Mexico F1F:Germany

Address

The Bower, 211 Old Street, London, GBR, EC1V 9NR

Website

https://www.farfetchinvestors.com

Farfetch is an online platform connecting sellers and buyers of personal luxury goods. It was founded in 2008. The company partners with over 1,000 luxury goods sellers to offer their inventory on the platform. When making the retailers' stock available to almost a million active customers, the company charges a cut of over 30% (third-party take rate). The company operates digital marketplace platform Farfetch, Browns stores, acquired branded company New Guard Group and Farfetch solutions, powering e-commerce operations of luxury brands.