Truworths International (Truworths International) Long-Term Capital Lease Obligation : $162 Mil (As of Dec. 2023)

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What is Truworths International Long-Term Capital Lease Obligation?

Truworths International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $162 Mil.

Truworths International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($146 Mil) to Jun. 2023 ($151 Mil) and increased from Jun. 2023 ($151 Mil) to Dec. 2023 ($162 Mil).

Truworths International's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($148 Mil) to Jun. 2022 ($156 Mil) but then declined from Jun. 2022 ($156 Mil) to Jun. 2023 ($151 Mil).

Truworths International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Truworths International'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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Truworths International Long-Term Capital Lease Obligation Chart

Truworths International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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207.27

149.53

148.21

155.81

150.82

Truworths International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															128.50	155.81	146.47	150.82	162.13

Truworths International (OTCPK:TRWKF) 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.

Truworths International Long-Term Capital Lease Obligation Related Terms

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Truworths International (Truworths International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Truworths International Ltd (OTCPK:TRWKF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TRU:South Africa TRW:Namibia IUE:Germany

Address

Number 1 Mostert Street, CBD, Cape Town, WC, ZAF, 8001

Website

https://www.truworthsinternational.com

Truworths International Ltd is a clothing and footwear retailer with nearly a thousand stores in Africa and Europe. Its African brands include Truworths, Daniel Hechter, Inwear, Identity, and LTD. Its European brands include Office and Offspring footwear retailers. The company's stores generally sell only proprietary brands, but Office primarily sells global third-party footwear brands. Most of the company's retail locations and sales are in South Africa. Collectively, South Africa and the United Kingdom account for roughly 90% of the company's business. E-commerce sales make up a small portion of total revenue.