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CarMax Long-Term Capital Lease Obligation

: $435 Mil (As of May. 2020)
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CarMax's Long-Term Capital Lease Obligation for the quarter that ended in May. 2020 was $435 Mil.

CarMax's quarterly Long-Term Capital Lease Obligation declined from Nov. 2019 ($526 Mil) to Feb. 2020 ($441 Mil) and declined from Feb. 2020 ($441 Mil) to May. 2020 ($435 Mil).

CarMax's annual Long-Term Capital Lease Obligation declined from Feb. 2018 ($490 Mil) to Feb. 2019 ($0 Mil) but then increased from Feb. 2019 ($0 Mil) to Feb. 2020 ($441 Mil).


CarMax Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

CarMax Annual Data
Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 400.32 486.65 490.37 0.00 440.67

CarMax Quarterly Data
Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 458.79 448.64 525.85 440.67 435.33

CarMax  (NYSE:KMX) 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.

CarMax Long-Term Capital Lease Obligation Related Terms


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