Ollie's Bargain Outlet Holdings (STU:OL6) Long-Term Capital Lease Obligation : €365 Mil (As of Jan. 2024)

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What is Ollie's Bargain Outlet Holdings Long-Term Capital Lease Obligation?

Ollie's Bargain Outlet Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €365 Mil.

Ollie's Bargain Outlet Holdings's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€333 Mil) to Oct. 2023 (€372 Mil) but then declined from Oct. 2023 (€372 Mil) to Jan. 2024 (€365 Mil).

Ollie's Bargain Outlet Holdings's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (€314 Mil) to Jan. 2023 (€326 Mil) and increased from Jan. 2023 (€326 Mil) to Jan. 2024 (€365 Mil).

Ollie's Bargain Outlet Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ollie's Bargain Outlet Holdings'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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Ollie's Bargain Outlet Holdings Long-Term Capital Lease Obligation Chart

Ollie's Bargain Outlet Holdings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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270.54

264.45

313.83

325.96

365.28

Ollie's Bargain Outlet Holdings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															325.96	325.39	333.44	372.20	365.28

Ollie's Bargain Outlet Holdings (STU:OL6) 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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Ollie's Bargain Outlet Holdings (STU:OL6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ollie's Bargain Outlet Holdings Inc (STU:OL6) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OLLI:USA

Address

6295 Allentown Boulevard, Suite 1, Harrisburg, PA, USA, 17112

Website

https://www.ollies.us

Ollie's Bargain Outlet Holdings Inc is a retailer of brand-name merchandise at drastically reduced prices. It offers customers a selection of brand-name products, including housewares, food, books and stationery, bed and bath, floor coverings, toys, and hardware. It operates stores across the Eastern half of the United States. Its differentiated go-to-market strategy is characterized by a unique, fun, and engaging treasure hunt shopping experience, compelling customer value proposition, and witty, humorous in-store signage and advertising campaigns. These attributes have driven rapid growth and strong and consistent store performance for the company.

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