JBHIF (JB Hi Fi) Long-Term Capital Lease Obligation : $305 Mil (As of Jun. 2024)

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What is JB Hi Fi Long-Term Capital Lease Obligation?

JB Hi Fi's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $305 Mil.

JB Hi Fi's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($289 Mil) to Dec. 2023 ($0 Mil) but then increased from Dec. 2023 ($0 Mil) to Jun. 2024 ($305 Mil).

JB Hi Fi's annual Long-Term Capital Lease Obligation increased from Jun. 2022 ($266 Mil) to Jun. 2023 ($289 Mil) and increased from Jun. 2023 ($289 Mil) to Jun. 2024 ($305 Mil).

JB Hi Fi Long-Term Capital Lease Obligation Historical Data

The historical data trend for JB Hi Fi'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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JB Hi Fi Long-Term Capital Lease Obligation Chart

JB Hi Fi Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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398.62

354.74

265.64

289.40

305.31

JB Hi Fi Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															265.64	-	289.40	-	305.31

JB Hi Fi (OTCPK:JBHIF) 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.

JB Hi Fi Long-Term Capital Lease Obligation Related Terms

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JB Hi Fi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JB Hi Fi Ltd (OTCPK:JBHIF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

JB3:Germany JBH:Australia

Address

60 City Road, Podium Level, Southbank, VIC, AUS, 3006

Website

https://www.jbhifi.com.au

JB Hi-Fi Limited is a specialty retailer of branded home entertainment products. The group's products particularly focus on consumer electronics, electrical goods, and white goods through its JB Hi-Fi, JB Hi-Fi Home, and The Good Guys stores. The company primarily operates from stand-alone destination sites and shopping centers in Australia and New Zealand, but the online platform is becoming increasingly important.