Fourlis Holdings (Fourlis Holdings) Long-Term Capital Lease Obligation : $120.09 Mil (As of Dec. 2023)

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What is Fourlis Holdings Long-Term Capital Lease Obligation?

Fourlis Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $120.09 Mil.

Fourlis Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($118.19 Mil) to Jun. 2023 ($122.72 Mil) but then declined from Jun. 2023 ($122.72 Mil) to Dec. 2023 ($120.09 Mil).

Fourlis Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($118.01 Mil) to Dec. 2022 ($118.19 Mil) and increased from Dec. 2022 ($118.19 Mil) to Dec. 2023 ($120.09 Mil).

Fourlis Holdings Long-Term Capital Lease Obligation Historical Data

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

Fourlis Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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113.08

135.80

118.01

118.19

120.09

Fourlis Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															118.01	127.03	118.19	122.72	120.09

Fourlis Holdings (OTCPK:FRLSY) 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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Fourlis Holdings (Fourlis Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fourlis Holdings SA (OTCPK:FRLSY) » Definitions » Long-Term Capital Lease Obligation

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FOYRK:Greece

Address

18-20 Sorou street, Building A, Maroussi, GRC, 15125

Website

https://www.fourlis.gr

Fourlis Holdings SA is engaged in providing quality consumer durable goods. Its commercial activity is expanding in the market of Greece, Cyprus, Bulgaria, Turkey, and Romania. The company operates its business through two segments which include the Retail trading of home furniture and household goods segment under the franchise of IKEA stores and the Retail trading of sporting goods segment through the franchise of INTERSPORT and TAF stores.

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