G-III Apparel Group (FRA:GI4) Long-Term Capital Lease Obligation : €214 Mil (As of Jan. 2025)

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What is G-III Apparel Group Long-Term Capital Lease Obligation?

G-III Apparel Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2025 was €214 Mil.

G-III Apparel Group's quarterly Long-Term Capital Lease Obligation increased from Jul. 2024 (€151 Mil) to Oct. 2024 (€227 Mil) but then declined from Oct. 2024 (€227 Mil) to Jan. 2025 (€214 Mil).

G-III Apparel Group's annual Long-Term Capital Lease Obligation declined from Jan. 2023 (€190 Mil) to Jan. 2024 (€164 Mil) but then increased from Jan. 2024 (€164 Mil) to Jan. 2025 (€214 Mil).

G-III Apparel Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for G-III Apparel 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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G-III Apparel Group Long-Term Capital Lease Obligation Chart

G-III Apparel Group Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Long-Term Capital Lease Obligation

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132.73

126.30

190.22

163.63

213.73

G-III Apparel Group Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															163.63	157.01	150.98	226.59	213.73

G-III Apparel Group (FRA:GI4) 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.

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G-III Apparel Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (FRA:GI4) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GIII:USA

Address

512 Seventh Avenue, New York, NY, USA, 10018

Website

https://www.g-iii.com

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives majority of its revenues from Wholesale operations.

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