Samsonite International (FRA:1SO) Long-Term Capital Lease Obligation : €328 Mil (As of Dec. 2023)

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What is Samsonite International Long-Term Capital Lease Obligation?

Samsonite International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €328 Mil.

Samsonite International's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€285 Mil) to Sep. 2023 (€298 Mil) and increased from Sep. 2023 (€298 Mil) to Dec. 2023 (€328 Mil).

Samsonite International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€268 Mil) to Dec. 2022 (€242 Mil) but then increased from Dec. 2022 (€242 Mil) to Dec. 2023 (€328 Mil).

Samsonite International Long-Term Capital Lease Obligation Historical Data

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

Samsonite International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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427.59

317.46

267.98

242.33

328.10

Samsonite International Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															242.33	284.93	297.87	328.10	-

Samsonite International (FRA:1SO) 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.

Samsonite International Long-Term Capital Lease Obligation Related Terms

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Samsonite International (FRA:1SO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Samsonite International SA (FRA:1SO) » Definitions » Long-Term Capital Lease Obligation

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SMSOF:USA SMSEY:USA 01910:Hong Kong

Address

13-15, Avenue de la Liberte, Luxembourg, LUX, L-1931

Website

https://corporate.samsonite.com/en/home.html

Samsonite is the world's largest luggage company with a 19.5% market share in 2018. The company produces and sells travel luggage under various brands targeting the mid-market to high-end consumers. The group's key brand is Samsonite, whose market presence is well established, followed by Tumi, the high-end brand acquired in 2016, which alongside mass-market brand American Tourister, are the next largest earnings contributors. The majority of its products are manufactured by third parties, but Samsonite does produce its own select proprietary materials. Except for Tumi, most of its products are sold to retailers, but the acquisition of online retailer eBags in early 2017 is boosting its online sales channel direct to consumers.

Samsonite International (FRA:1SO) Headlines

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