Ermenegildo Zegna NV (Ermenegildo Zegna NV) Long-Term Capital Lease Obligation : $514 Mil (As of Dec. 2023)

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What is Ermenegildo Zegna NV Long-Term Capital Lease Obligation?

Ermenegildo Zegna NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $514 Mil.

Ermenegildo Zegna NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($352 Mil) to Jun. 2023 ($502 Mil) and increased from Jun. 2023 ($502 Mil) to Dec. 2023 ($514 Mil).

Ermenegildo Zegna NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($374 Mil) to Dec. 2022 ($352 Mil) but then increased from Dec. 2022 ($352 Mil) to Dec. 2023 ($514 Mil).

Ermenegildo Zegna NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ermenegildo Zegna NV'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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Ermenegildo Zegna NV Long-Term Capital Lease Obligation Chart

Ermenegildo Zegna NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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450.71

383.02

374.47

351.75

513.72

Ermenegildo Zegna NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					374.47	360.70	351.75	502.22	513.72

Ermenegildo Zegna NV (NYSE:ZGN) 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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Ermenegildo Zegna NV (Ermenegildo Zegna NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ermenegildo Zegna NV (NYSE:ZGN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

JN0:Germany

Address

99/100 Viale Roma, Valdilana location, Trivero, ITA, 13835

Website

https://www.zegnagroup.com

Ermenegildo Zegna NV designs, creates and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear and accessories under the Thom Browne brand. It operates in two segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile and Third Party Brands) and the Thom Browne segment.