ONON (On Holding AG) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2024)

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What is On Holding AG Long-Term Capital Lease Obligation?

On Holding AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil.

On Holding AG's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($0 Mil) to Jun. 2024 ($318 Mil) but then declined from Jun. 2024 ($318 Mil) to Sep. 2024 ($0 Mil).

On Holding AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($182 Mil) to Dec. 2022 ($149 Mil) but then increased from Dec. 2022 ($149 Mil) to Dec. 2023 ($220 Mil).

On Holding AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for On Holding AG'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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On Holding AG Long-Term Capital Lease Obligation Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

3.17

21.58

181.54

148.99

220.05

On Holding AG Quarterly Data
	Dec19	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														-	220.05	-	318.19	-

On Holding AG (NYSE:ONON) 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.

On Holding AG Long-Term Capital Lease Obligation Related Terms

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On Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ONON:Mexico

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa, and Asia-Pacific region.