Puma SE (MIL:1PUM) Long-Term Capital Lease Obligation : €986 Mil (As of Sep. 2024)

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What is Puma SE Long-Term Capital Lease Obligation?

Puma SE's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €986 Mil.

Puma SE's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (€995 Mil) to Jun. 2024 (€982 Mil) but then increased from Jun. 2024 (€982 Mil) to Sep. 2024 (€986 Mil).

Puma SE's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€851 Mil) to Dec. 2022 (€1,030 Mil) but then declined from Dec. 2022 (€1,030 Mil) to Dec. 2023 (€1,020 Mil).

Puma SE Long-Term Capital Lease Obligation Historical Data

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

Puma SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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600.50

775.20

851.00

1,030.30

1,020.00

Puma SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,003.10	1,020.00	995.40	982.20	985.60

Puma SE (MIL:1PUM) 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.

Puma SE Long-Term Capital Lease Obligation Related Terms

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Puma SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Puma SE (MIL:1PUM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PUMSY:USA PMMAF:USA PUMd:UK 0NQE:UK PUM:Germany PUM:Austria

Address

Puma Way 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.puma.com

Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (53% of 2023 sales) is its largest category, followed by apparel (32%) and accessories (15%). Puma also licenses its name for fragrances, eyewear, and watches. Most (75% in 2023) of its sales are through wholesale partners, with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (40% of 2023 sales), the Americas (39%), and Asia-Pacific (21%).

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