Kering (Kering) Long-Term Capital Lease Obligation : $4,919 Mil (As of Dec. 2023)

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What is Kering Long-Term Capital Lease Obligation?

Kering's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,919 Mil.

Kering's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($4,682 Mil) to Jun. 2023 ($4,571 Mil) but then increased from Jun. 2023 ($4,571 Mil) to Dec. 2023 ($4,919 Mil).

Kering's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($4,323 Mil) to Dec. 2022 ($4,682 Mil) and increased from Dec. 2022 ($4,682 Mil) to Dec. 2023 ($4,919 Mil).

Kering Long-Term Capital Lease Obligation Historical Data

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

Kering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,998.44

4,313.63

4,323.16

4,682.20

4,919.30

Kering 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															4,323.16	4,472.52	4,682.20	4,570.96	4,919.30

Kering (OTCPK:PPRUY) 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.

Kering Long-Term Capital Lease Obligation Related Terms

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Kering (Kering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kering SA (OTCPK:PPRUY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PPRUF:USA KER:Italy KERp:UK 0IIH:UK KER:France PPXB:Germany KER:Austria

Address

40 Rue de Sevres, Paris, FRA, 75007

Website

https://www.kering.com

Kering is the world's second-largest luxury goods conglomerate after LVMH. Its flagship brand is Gucci, which accounts for over 50% of revenue and almost 70% of operating profits. Its other leading brands include Bottega Veneta and Saint Laurent. Other smaller luxury brands (in ready-to-wear, leather goods, and jewellery) generate 19% of sales. Alexander McQueen, Balenciaga, and Boucheron are part of Kering's portfolio.

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