Vera Bradley (Vera Bradley) Long-Term Capital Lease Obligation

: $62.6 Mil (As of Jan. 2024)

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Vera Bradley's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $62.6 Mil.

Vera Bradley's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($66.7 Mil) to Oct. 2023 ($63.9 Mil) and declined from Oct. 2023 ($63.9 Mil) to Jan. 2024 ($62.6 Mil).

Vera Bradley's annual Long-Term Capital Lease Obligation declined from Jan. 2022 ($80.9 Mil) to Jan. 2023 ($74.7 Mil) and declined from Jan. 2023 ($74.7 Mil) to Jan. 2024 ($62.6 Mil).

Vera Bradley Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vera Bradley'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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Vera Bradley Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

113.78

91.54

80.86

74.66

62.55

Vera Bradley Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation																74.66	71.87	66.72	63.92	62.55

Vera Bradley (NAS:VRA) 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.

Vera Bradley Long-Term Capital Lease Obligation Related Terms

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Vera Bradley (Vera Bradley) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vera Bradley Inc (NAS:VRA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

12420 Stonebridge Road, Roanoke, IN, USA, 46783

Website

https://www.verabradley.com

Vera Bradley Inc designs women's handbags, travel items, and accessories. Each category comprises a substantial component of total sales, with the bags category comprising the Most. Most of the company's sales are made directly to customers through Vera Bradley's retail stores and e-commerce sites. The company also has a substantial wholesale business selling to specialty retail and department stores. Almost all company sales are in the United States. Vera Bradley uses third-party manufacturers in Asia to produce its product, and the company distributes the product through its distribution center in Indiana.

Executives

Mary Lou Kelley	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Michael Schwindle	officer: CHIEF FINANCIAL OFFICER	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Alison Hiatt	officer: Chief Marketing Officer	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
Jacqueline Ardrey	director, officer: President and CEO	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
Frances P Philip	director	ONE ALBION ROAD, LINCOLN RI 02865
Edward M Schmults	director	C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Robert Wallstrom	director, officer: President & Chief Exec Officer	12 E. 49TH STREET, NEW YORK NY 10017
Daren Hull	officer: Chief Customer Officer	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
John Enwright	officer: VP, Interim Chief Fin. Officer	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE RD., ROANOKE IN 46873
Mark C Dely	officer: VP - Chief Legal Off. and Sec.	4300 NEW GETWELL RD, MEMPHIS TN 38118
P. Michael Miller	director, 10 percent owner	C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Patricia R. Miller	director, 10 percent owner	C/O VERA BRADLEY, INC., 2208 PRODUCTION ROAD, FORT WAYNE IN 46808
Nancy Twine	director	C/O VERA BRADLEY, INC., 12420 STONEBRIDGE ROAD, ROANOKE IN 46783
James Bradley Byrne	10 percent owner	12 CHURCHILL ROAD, MARBLEHEAD MA 01945
Byrne Thomas Farrell Ii	10 percent owner	13114 PERRY LAKE COURT, FORT WAYNE IN 46845