Express, (FRA:02Z0) Long-Term Capital Lease Obligation : €395 Mil (As of Oct. 2023)

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What is Express, Long-Term Capital Lease Obligation?

Express,'s Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was €395 Mil.

Express,'s quarterly Long-Term Capital Lease Obligation increased from Apr. 2023 (€372 Mil) to Jul. 2023 (€388 Mil) and increased from Jul. 2023 (€388 Mil) to Oct. 2023 (€395 Mil).

Express,'s annual Long-Term Capital Lease Obligation declined from Jan. 2021 (€594 Mil) to Jan. 2022 (€475 Mil) and declined from Jan. 2022 (€475 Mil) to Jan. 2023 (€377 Mil).

Express, Long-Term Capital Lease Obligation Historical Data

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

Express, Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

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808.47

593.54

474.62

377.18

Express, Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															443.65	377.18	372.10	388.32	395.46

Express, (FRA:02Z0) 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.

Express, Long-Term Capital Lease Obligation Related Terms

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Express, (FRA:02Z0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Express, Inc. (FRA:02Z0) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EXPR:USA

Address

1 Express Drive, Columbus, OH, USA, 43230

Website

https://www.express.com

Express, Inc. is a United States-based specialty apparel retailer. It offers apparel and accessories for work, casual, jeanswear, and going-out. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel.

Express, (FRA:02Z0) Headlines

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