Shoe Zone (LSE:SHOE) Long-Term Capital Lease Obligation : £25.2 Mil (As of Mar. 2024)

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What is Shoe Zone Long-Term Capital Lease Obligation?

Shoe Zone's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was £25.2 Mil.

Shoe Zone's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (£21.3 Mil) to Sep. 2023 (£22.2 Mil) and increased from Sep. 2023 (£22.2 Mil) to Mar. 2024 (£25.2 Mil).

Shoe Zone's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (£25.9 Mil) to Sep. 2022 (£21.0 Mil) but then increased from Sep. 2022 (£21.0 Mil) to Sep. 2023 (£22.2 Mil).

Shoe Zone Long-Term Capital Lease Obligation Historical Data

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

Shoe Zone Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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37.48

25.94

20.98

22.22

Shoe Zone Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															23.55	20.98	21.35	22.22	25.18

Shoe Zone (LSE:SHOE) 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.

Shoe Zone Long-Term Capital Lease Obligation Related Terms

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Shoe Zone (LSE:SHOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoe Zone PLC (LSE:SHOE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

86W:Germany

Address

Humberstone Road, Haramead Business Centre, Leicester, Leicestershire, GBR, LE1 2LH

Website

https://www.shoezone.com

Shoe Zone PLC operates as a footwear retailer offering a wide range and a variety of shoes for all ages, it functions with over 500 stores across the UK. The group has a single distribution center which is located in Leicester, England. Its online offering combined with its store portfolio allows customers to shop via multiple channels. Shoe zone and its subsidiaries operate in the United Kingdom and the Republic of Ireland. The majority of the revenue is generated from the United Kingdom store.

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