Apogee Enterprises (STU:ANP) Long-Term Capital Lease Obligation : €30 Mil (As of Feb. 2024)

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What is Apogee Enterprises Long-Term Capital Lease Obligation?

Apogee Enterprises's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €30 Mil.

Apogee Enterprises's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (€29 Mil) to Nov. 2023 (€27 Mil) but then increased from Nov. 2023 (€27 Mil) to Feb. 2024 (€30 Mil).

Apogee Enterprises's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (€35 Mil) to Feb. 2023 (€31 Mil) and declined from Feb. 2023 (€31 Mil) to Feb. 2024 (€30 Mil).

Apogee Enterprises Long-Term Capital Lease Obligation Historical Data

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

Apogee Enterprises Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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39.58

40.06

34.88

30.89

29.58

Apogee Enterprises Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															30.89	29.15	29.31	27.30	29.58

Apogee Enterprises (STU:ANP) 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.

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Apogee Enterprises (STU:ANP) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Apogee Enterprises Inc (STU:ANP) » Definitions » Long-Term Capital Lease Obligation

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APOG:USA

Address

4400 West 78th Street, Suite 520, Minneapolis, MN, USA, 55435

Website

https://www.apog.com

Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.

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