Phoenix Footwear Group (Phoenix Footwear Group) Long-Term Capital Lease Obligation : $0.16 Mil (As of Jun. 2023)

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What is Phoenix Footwear Group Long-Term Capital Lease Obligation?

Phoenix Footwear Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.16 Mil.

Phoenix Footwear Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 ($0.00 Mil) to Mar. 2023 ($0.16 Mil) but then stayed the same from Mar. 2023 ($0.16 Mil) to Jun. 2023 ($0.16 Mil).

Phoenix Footwear Group's annual Long-Term Capital Lease Obligation increased from Dec. 2010 ($0.00 Mil) to Dec. 2018 ($0.32 Mil) and increased from Dec. 2018 ($0.32 Mil) to Dec. 2019 ($0.83 Mil).

Phoenix Footwear Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Phoenix Footwear Group'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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Phoenix Footwear Group Long-Term Capital Lease Obligation Chart

Phoenix Footwear Group Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec18

Dec19

Long-Term Capital Lease Obligation

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0.32

0.83

Phoenix Footwear Group Quarterly Data
	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Mar22	Jun22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.70	-	-	0.16	0.16

Phoenix Footwear Group (OTCPK:PXFG) 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.

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Phoenix Footwear Group (Phoenix Footwear Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Phoenix Footwear Group Inc (OTCPK:PXFG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2236 Rutherford Road, Suite 113, Carlsbad, CA, USA, 92008

Website

https://www.phoenixfootwear.com

Phoenix Footwear Group Inc operates in the footwear industry. It is engaged in the manufacturing and distribution of footwear in a range of sizes and widths under the brand's Trotters, SoftWalk, SAVA, and Bueno. The company's distribution channels include specialty and independent retail stores, mail order catalogs, uniforms, and internet retailers. It also operates it's own direct-to-consumer internet retail business for all its brands.

Executives

Riedman Corp	other: member of 10% group	45 EAST AVENUE ROCHESTER NY 14604
Steven Tannenbaum	10 percent owner	125 COUNTRY CLUB ROAD NEWTON MA 02459
Greenwood Investments, Inc.	10 percent owner	222 BERKELEY STREET 12TH FLOOR BOSTON MA 02116
Greenwood Capital Limited Partnership	10 percent owner	222 BERKELEY STREET 12TH FLOOR BOSTON MA 02116
Greenwood Investors Limited Partnership	10 percent owner	222 BERKELEY STREET FLOOR 17 BOSTON MA 02116
Gregory W Slack	officer: CFO	2765 LOKER AVENUE WEST CARLSBAD CA 92010
Robby Lee Carter	other: Executive Vice President	303 YARD DRIVE LAKE ST. LOUIS MO 63367
Kevin G Wulff	director	1740 MONROVIA AVENUE COSTA MESA CA 92627
Dennis Nelson	officer: CFO, Secretary and Treasurer	5840 EL CAMINO REAL, SUITE 106, CARLSBAD CA 92008
Cathy B Taylor	director, officer: Chief Executive Officer	5840 EL CAMINO REAL SUITE 106 CARLSBAD CA 92008
Paul Douglas Ford	officer: Senior VP of Operations	5840 EL CAMINO REAL SUITE 106 CARLSBAD CA 92008
Willie Pfander	director, officer: Senior VP-Sourcing and Develop
Greg Harden	director
Steven Deperrier	director
John C Kratzer	director	PO BOX 116 4806 EL MARLO RANCHO SANTA FE CA 92067

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