Franchise Group (FRA:3HC) Long-Term Capital Lease Obligation : €674 Mil (As of Jun. 2023)

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What is Franchise Group Long-Term Capital Lease Obligation?

Franchise Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €674 Mil.

Franchise Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€680 Mil) to Mar. 2023 (€692 Mil) but then declined from Mar. 2023 (€692 Mil) to Jun. 2023 (€674 Mil).

Franchise Group's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€331 Mil) to Dec. 2021 (€493 Mil) and increased from Dec. 2021 (€493 Mil) to Dec. 2022 (€680 Mil).

Franchise Group Long-Term Capital Lease Obligation Historical Data

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

Franchise Group Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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330.67

493.01

680.13

Franchise Group Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															663.32	726.87	680.13	692.26	673.67

Franchise Group (FRA:3HC) 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.

Franchise Group Long-Term Capital Lease Obligation Related Terms

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Franchise Group (FRA:3HC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Franchise Group Inc (FRA:3HC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Innovation Court, Suite J, Delaware, OH, USA, 43015

Website

https://www.franchisegrp.com

Franchise Group Inc is a personal services company that provides retail federal and state income tax preparation services and related tax settlement products. The vast majority of these offices operate in the United States under the Liberty Tax Service and SiempreTax+ brand names. Liberty Tax also provides online do-it-yourself tax programs within the U.S. The sale of financial products and tax preparation service fees also contribute to sizable percentages of the company's total income. Liberty Tax also operates a smaller portfolio of wholly-owned company offices. The company's reportable segments are Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's and Sylvan.

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