Peloton Interactive (LTS:0A46) Long-Term Capital Lease Obligation : $544 Mil (As of Mar. 2024)

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What is Peloton Interactive Long-Term Capital Lease Obligation?

Peloton Interactive's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $544 Mil.

Peloton Interactive's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($586 Mil) to Dec. 2023 ($566 Mil) and declined from Dec. 2023 ($566 Mil) to Mar. 2024 ($544 Mil).

Peloton Interactive's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($620 Mil) to Jun. 2022 ($725 Mil) but then declined from Jun. 2022 ($725 Mil) to Jun. 2023 ($594 Mil).

Peloton Interactive Long-Term Capital Lease Obligation Historical Data

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

Peloton Interactive Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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508.20

620.40

725.40

593.80

Peloton Interactive Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															619.50	593.80	585.70	566.30	543.50

Peloton Interactive (LTS:0A46) 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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Peloton Interactive (LTS:0A46) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Peloton Interactive Inc (LTS:0A46) » Definitions » Long-Term Capital Lease Obligation

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Address

441 Ninth Avenue, Sixth Floor, New York, NY, USA, 10001

Website

https://www.onepeloton.com

Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product revenue consists of sales of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. Subscription revenue consists of revenue generated from monthly Connected Fitness Subscription and Digital Subscription. The company generates the majority of the revenue from the sale of Connected Fitness Products.

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