Birks Group (Birks Group) Long-Term Capital Lease Obligation : $44.0 Mil (As of Sep. 2023)

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What is Birks Group Long-Term Capital Lease Obligation?

Birks Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $44.0 Mil.

Birks Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($49.2 Mil) to Mar. 2023 ($46.0 Mil) and declined from Mar. 2023 ($46.0 Mil) to Sep. 2023 ($44.0 Mil).

Birks Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($53.1 Mil) to Mar. 2022 ($52.7 Mil) and declined from Mar. 2022 ($52.7 Mil) to Mar. 2023 ($46.0 Mil).

Birks Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Birks 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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Birks Group Long-Term Capital Lease Obligation Chart

Birks Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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52.03

53.08

52.73

46.03

Birks Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															53.55	52.73	49.19	46.03	44.03

Birks Group (AMEX:BGI) 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.

Birks Group Long-Term Capital Lease Obligation Related Terms

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Birks Group (Birks Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Birks Group Inc (AMEX:BGI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

2BG:Germany

Address

2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, CAN, H3A 2A5

Website

https://www.birks.com

Birks Group Inc is a part of the leisure industry. The company designs, develops, produces, and retails fine jewelry, timepieces, and gifts. Its operating segment includes Retail and other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates approximately 21 stores in Canada under the Maison Birks brand, one store under the Brinkhaus brand, one store under the Graff brand, and one store under the Patek Phillippe brand. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.