AutoZone (WBO:AZO) Long-Term Capital Lease Obligation : €2,690 Mil (As of Feb. 2024)

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What is AutoZone Long-Term Capital Lease Obligation?

AutoZone's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €2,690 Mil.

AutoZone's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (€2,675 Mil) to Nov. 2023 (€2,690 Mil) and increased from Nov. 2023 (€2,690 Mil) to Feb. 2024 (€2,690 Mil).

AutoZone's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (€2,238 Mil) to Aug. 2022 (€2,801 Mil) but then declined from Aug. 2022 (€2,801 Mil) to Aug. 2023 (€2,675 Mil).

AutoZone Long-Term Capital Lease Obligation Historical Data

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

AutoZone Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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2,113.82

2,237.92

2,801.08

2,674.93

AutoZone 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															2,665.85	2,633.18	2,674.93	2,689.51	2,689.82

AutoZone (WBO:AZO) 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.

AutoZone Long-Term Capital Lease Obligation Related Terms

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AutoZone (WBO:AZO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AutoZone Inc (WBO:AZO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AZO:USA AZO:Mexico AZ5:Germany AZOI34:Brazil

Address

123 South Front Street, Memphis, TN, USA, 38103

Website

https://www.autozone.com

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.