Pier 1 Imports (STU:PJ1A) Long-Term Capital Lease Obligation : €442 Mil (As of Nov. 2019)

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What is Pier 1 Imports Long-Term Capital Lease Obligation?

Pier 1 Imports's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2019 was €442 Mil.

Pier 1 Imports's quarterly Long-Term Capital Lease Obligation declined from May. 2019 (€472 Mil) to Aug. 2019 (€462 Mil) and declined from Aug. 2019 (€462 Mil) to Nov. 2019 (€442 Mil).

Pier 1 Imports Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pier 1 Imports'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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Pier 1 Imports Long-Term Capital Lease Obligation Chart

Pier 1 Imports Annual Data

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Long-Term Capital Lease Obligation

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Pier 1 Imports Quarterly Data
	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	471.67	461.76	441.52

Pier 1 Imports (STU:PJ1A) 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.

Pier 1 Imports Long-Term Capital Lease Obligation Related Terms

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Pier 1 Imports (STU:PJ1A) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pier 1 Imports Inc (STU:PJ1A) » Definitions » Long-Term Capital Lease Obligation

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Address

100 Pier 1 Place, Fort Worth, TX, USA, 76102

Website

https://www.pier1.com

Pier 1 Imports Inc is a United-States-based retailer of decorative accessories, furniture, candles, homeware, gifts and seasonal products. The company operates through retail stores and an e-commerce website under the brand Pier 1 Imports. Most of the company's stores are located in the U.S., followed with a few stores in Canada. The company also provides products and licenses the Pier 1 Imports brand to Grupo Sanborns, which operates a number of stores in Mexico and El Salvador. The company sells merchandise produced in a number of countries, such as China, India, Vietnam, Indonesia, the U.S., and others.

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