ASOS (LSE:ASC) Long-Term Capital Lease Obligation : £268 Mil (As of Feb. 2024)

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What is ASOS Long-Term Capital Lease Obligation?

ASOS's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was £268 Mil.

ASOS's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (£316 Mil) to Aug. 2023 (£304 Mil) and declined from Aug. 2023 (£304 Mil) to Feb. 2024 (£268 Mil).

ASOS's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (£305 Mil) to Aug. 2022 (£356 Mil) but then declined from Aug. 2022 (£356 Mil) to Aug. 2023 (£304 Mil).

ASOS Long-Term Capital Lease Obligation Historical Data

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

ASOS Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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290.80

305.00

355.80

303.70

ASOS Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															320.20	355.80	316.10	303.70	268.30

ASOS (LSE:ASC) 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.

ASOS Long-Term Capital Lease Obligation Related Terms

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ASOS (LSE:ASC) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ASOS PLC (LSE:ASC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ASOMY:USA ASOMF:USA ASCl:UK ASC.GB:UK DYQ:Germany

Address

Hampstead Road, Greater London House, London, GBR, NW1 7FB

Website

https://www.asosplc.com

Asos is a global e-commerce player focusing on fashion and cosmetics and targeting the youth segment (20-somethings) globally. Of its revenue, 45% comes from its U.K. home market, 30% from other European Union countries, 13% from the United States, 12% from the rest of the world. The company ships to 240 countries from its three warehouses located in the U.K., continental Europe, and the United States. It offers over 85 000 products on its website from third-party brands and its own labels (Asos Design, Collusion).