TJX (FRA:TJX) Long-Term Capital Lease Obligation : €7,399 Mil (As of Jan. 2024)

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What is TJX Long-Term Capital Lease Obligation?

TJX's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €7,399 Mil.

TJX's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€7,312 Mil) to Oct. 2023 (€7,553 Mil) but then declined from Oct. 2023 (€7,553 Mil) to Jan. 2024 (€7,399 Mil).

TJX's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (€6,697 Mil) to Jan. 2023 (€7,215 Mil) and increased from Jan. 2023 (€7,215 Mil) to Jan. 2024 (€7,399 Mil).

TJX Long-Term Capital Lease Obligation Historical Data

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

TJX Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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7,042.79

6,357.18

6,697.18

7,215.20

7,399.08

TJX Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7,215.20	7,174.70	7,312.46	7,553.27	7,399.08

TJX (FRA:TJX) 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.

TJX Long-Term Capital Lease Obligation Related Terms

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TJX (FRA:TJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TJX Companies Inc (FRA:TJX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TJX:USA TJX:Mexico 1TJX:Italy TJXd:UK TJXC34:Brazil

Address

770 Cochituate Road, Framingham, MA, USA, 01701

Website

https://www.tjx.com

TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 4,900 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.