adidas AG (XTER:ADS) Long-Term Capital Lease Obligation : €2,039 Mil (As of Dec. 2023)

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What is adidas AG Long-Term Capital Lease Obligation?

adidas AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,039 Mil.

adidas AG's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€2,110 Mil) to Sep. 2023 (€2,141 Mil) but then declined from Sep. 2023 (€2,141 Mil) to Dec. 2023 (€2,039 Mil).

adidas AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2,263 Mil) to Dec. 2022 (€2,343 Mil) but then declined from Dec. 2022 (€2,343 Mil) to Dec. 2023 (€2,039 Mil).

adidas AG Long-Term Capital Lease Obligation Historical Data

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

adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,399.00

2,159.00

2,263.00

2,343.00

2,039.00

adidas AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,343.00	2,181.00	2,110.00	2,141.00	2,039.00

adidas AG (XTER:ADS) 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.

adidas AG Long-Term Capital Lease Obligation Related Terms

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adidas AG (XTER:ADS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (XTER:ADS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ADDYY:USA ADDDF:USA ADS:Romania ADS:Poland ADS:Mexico ADS:Italy ADIDAS:Hungary ADSd:UK 0OLD:UK ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.

Executives

Brian Grevy

Board of Directors

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