Max Stock (XTAE:MAXO) Long-Term Capital Lease Obligation : ₪580 Mil (As of Mar. 2024)

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What is Max Stock Long-Term Capital Lease Obligation?

Max Stock's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪580 Mil.

Max Stock's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₪722 Mil) to Dec. 2023 (₪593 Mil) and declined from Dec. 2023 (₪593 Mil) to Mar. 2024 (₪580 Mil).

Max Stock's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪516 Mil) to Dec. 2022 (₪545 Mil) and increased from Dec. 2022 (₪545 Mil) to Dec. 2023 (₪593 Mil).

Max Stock Long-Term Capital Lease Obligation Historical Data

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

Max Stock Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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344.16

486.13

516.09

544.92

593.31

Max Stock Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															643.29	675.60	721.81	593.31	579.96

Max Stock (XTAE:MAXO) 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.

Max Stock Long-Term Capital Lease Obligation Related Terms

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Max Stock (XTAE:MAXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Max Stock Ltd (XTAE:MAXO) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

71 Khalutzei HaTa'a'ssiya Street, Admirality Center, Haifa, ISR

Website

https://www.maxstock.co.il

Max Stock Ltd operates a chain of departmental stores. The stores offer school supplies, tools and hardware, clothing items, toys, plasticware, gifts and accessories, baking utensils, furniture, home decor items, and other products.

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