Nike (BSP:NIKE34) Long-Term Capital Lease Obligation : R$13,350 Mil (As of Feb. 2024)

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What is Nike Long-Term Capital Lease Obligation?

Nike's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R$13,350 Mil.

Nike's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (R$13,758 Mil) to Nov. 2023 (R$13,641 Mil) and declined from Nov. 2023 (R$13,641 Mil) to Feb. 2024 (R$13,350 Mil).

Nike's annual Long-Term Capital Lease Obligation declined from May. 2021 (R$15,491 Mil) to May. 2022 (R$13,778 Mil) but then increased from May. 2022 (R$13,778 Mil) to May. 2023 (R$13,878 Mil).

Nike Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nike'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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Nike Long-Term Capital Lease Obligation Chart

Nike Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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16,427.57

15,490.92

13,778.09

13,877.90

Nike Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															13,946.71	13,877.90	13,757.67	13,640.93	13,349.78

Nike (BSP:NIKE34) 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.

Nike Long-Term Capital Lease Obligation Related Terms

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Nike (BSP:NIKE34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (BSP:NIKE34) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NKE:USA NKE:Peru NKE:Mexico NKE_KZ:Kazakhstan 1NKE:Italy NKEd:UK 0QZ6:UK NKE:Germany NKE:Chile NKE:Canada NKE:Austria NKE:Argentina

Address

One Bowerman Drive, Beaverton, OR, USA, 97005-6453

Website

https://www.nike.com

Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

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