Salvatore Ferragamo SpA (Salvatore Ferragamo SpA) Long-Term Capital Lease Obligation

: $661 Mil (As of Jun. 2023)

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Salvatore Ferragamo SpA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $661 Mil.

Salvatore Ferragamo SpA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($483 Mil) to Dec. 2022 ($497 Mil) and increased from Dec. 2022 ($497 Mil) to Jun. 2023 ($661 Mil).

Salvatore Ferragamo SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($565 Mil) to Dec. 2021 ($551 Mil) and declined from Dec. 2021 ($551 Mil) to Dec. 2022 ($497 Mil).

Salvatore Ferragamo SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Salvatore Ferragamo SpA'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => - [6] => 621.41 [7] => 564.96 [8] => 550.54 [9] => 496.54 )

Salvatore Ferragamo SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

621.41

564.96

550.54

496.54

Salvatore Ferragamo SpA Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Long-Term Capital Lease Obligation																523.15	514.47	483.29	496.54	660.55

Salvatore Ferragamo SpA (OTCPK:SFRGY) 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.

Salvatore Ferragamo SpA Long-Term Capital Lease Obligation Related Terms

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Salvatore Ferragamo SpA (Salvatore Ferragamo SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Salvatore Ferragamo SpA (OTCPK:SFRGY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SFRGF:USA SFER:Italy SFERm:UK 0P52:UK S9L:Germany

Address

Via dei Tornabuoni 2, Firenze, ITA, 50123

Website

http://www.ferragamo.com

Founded in 1927, Salvatore Ferragamo is an Italian monobrand company mainly known for its footwear and accessories. The company generates about 44% of revenue in the fragmented footwear category, 41% in leather goods, 7% in apparel, and 6% in accessories. It was one of the pioneers in establishing a presence in Asia, where it generates 33% of sales and other emerging markets (6% of sales in Central and South America). Ferragamo generates 21% of revenue in Europe, 31% in the U.S., and 8% in Japan.

Salvatore Ferragamo SpA (Salvatore Ferragamo SpA) Headlines

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