Hermes International (Hermes International) Long-Term Capital Lease Obligation : $1,876 Mil (As of Dec. 2023)

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What is Hermes International Long-Term Capital Lease Obligation?

Hermes International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,876 Mil.

Hermes International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($1,726 Mil) to Jun. 2023 ($1,783 Mil) and increased from Jun. 2023 ($1,783 Mil) to Dec. 2023 ($1,876 Mil).

Hermes International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,728 Mil) to Dec. 2022 ($1,726 Mil) but then increased from Dec. 2022 ($1,726 Mil) to Dec. 2023 ($1,876 Mil).

Hermes International Long-Term Capital Lease Obligation Historical Data

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

Hermes International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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995.56

1,760.34

1,727.68

1,725.64

1,875.68

Hermes International 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															1,727.68	1,802.33	1,725.64	1,783.32	1,875.68

Hermes International (OTCPK:HESAY) 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.

Hermes International Long-Term Capital Lease Obligation Related Terms

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Hermes International (Hermes International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hermes International SA (OTCPK:HESAY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

HESAF:USA RMSp:UK 0HV2:UK RMS:France HMI:Germany

Address

24 rue du Faubourg Saint Honore, Paris, FRA, 75008

Website

https://www.hermes.com

Hermes is a 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for around half of revenue; clothes and accessories (25% of sales); silk and textiles (7%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermes has around 300 stores globally, of which it owns and operates 221.