TAL Education Group (FRA:IZZ) Long-Term Capital Lease Obligation : €164 Mil (As of Feb. 2024)

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What is TAL Education Group Long-Term Capital Lease Obligation?

TAL Education Group's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €164 Mil.

TAL Education Group's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (€115 Mil) to Nov. 2023 (€144 Mil) and increased from Nov. 2023 (€144 Mil) to Feb. 2024 (€164 Mil).

TAL Education Group's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (€155 Mil) to Feb. 2023 (€108 Mil) but then increased from Feb. 2023 (€108 Mil) to Feb. 2024 (€164 Mil).

TAL Education Group Long-Term Capital Lease Obligation Historical Data

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

TAL Education Group Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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871.08

987.08

155.05

107.92

163.72

TAL Education Group 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															107.92	109.63	114.61	144.41	163.72

TAL Education Group (FRA:IZZ) 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.

TAL Education Group Long-Term Capital Lease Obligation Related Terms

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TAL Education Group (FRA:IZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TAL Education Group (FRA:IZZ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TAL:USA TAL:Mexico 0A2X:UK IZZ:Germany T1AL34:Brazil

Address

Xiaoying West Street, 5th Floor, Tower B, Heying Center, Haidian District, Beijing, CHN, 100085

Website

http://www.100tal.com

TAL Education Group is a smart learning solutions provider in China. K-9 academic afterschool tutoring used to account for the majority of TAL's revenue before the regulatory changes in 2021 that imposed a nonprofit requirement on the business. After spinning off its K-9 academic afterschool tutoring business, TAL realigned its focus toward enrichment learning, content solutions, and learning technology solutions.

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