Nordstrom (LTS:0K8J) Long-Term Capital Lease Obligation : $1,379 Mil (As of Apr. 2024)

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What is Nordstrom Long-Term Capital Lease Obligation?

Nordstrom's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was $1,379 Mil.

Nordstrom's quarterly Long-Term Capital Lease Obligation declined from Oct. 2023 ($1,403 Mil) to Jan. 2024 ($1,377 Mil) but then increased from Jan. 2024 ($1,377 Mil) to Apr. 2024 ($1,379 Mil).

Nordstrom's annual Long-Term Capital Lease Obligation declined from Jan. 2022 ($1,556 Mil) to Jan. 2023 ($1,526 Mil) and declined from Jan. 2023 ($1,526 Mil) to Jan. 2024 ($1,377 Mil).

Nordstrom Long-Term Capital Lease Obligation Historical Data

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

Nordstrom Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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1,875.00

1,687.00

1,556.00

1,526.00

1,377.00

Nordstrom Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,406.00	1,392.00	1,403.00	1,377.00	1,379.00

Nordstrom (LTS:0K8J) 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.

Nordstrom Long-Term Capital Lease Obligation Related Terms

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Nordstrom (LTS:0K8J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nordstrom Inc (LTS:0K8J) » Definitions » Long-Term Capital Lease Obligation

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Address

1617 Sixth Avenue, Seattle, WA, USA, 98101

Website

https://www.Nordstrom.com

Nordstrom is a fashion retailer that operates about 93 department stores and approximately 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (28% of 2022 sales), shoes (26% of 2022 sales), men's apparel (15% of 2022 sales), and women's accessories (13% of 2022 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.

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