Party City Holdco (Party City Holdco) Long-Term Capital Lease Obligation : $700 Mil (As of Sep. 2022)

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What is Party City Holdco Long-Term Capital Lease Obligation?

Party City Holdco's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was $700 Mil.

Party City Holdco's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 ($682 Mil) to Jun. 2022 ($677 Mil) but then increased from Jun. 2022 ($677 Mil) to Sep. 2022 ($700 Mil).

Party City Holdco's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($721 Mil) to Dec. 2020 ($655 Mil) but then increased from Dec. 2020 ($655 Mil) to Dec. 2021 ($656 Mil).

Party City Holdco Long-Term Capital Lease Obligation Historical Data

The historical data trend for Party City Holdco'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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Party City Holdco Long-Term Capital Lease Obligation Chart

Party City Holdco Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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720.74

654.73

655.88

Party City Holdco Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															639.56	655.88	681.95	677.02	699.93

Party City Holdco (OTCPK:PRTYQ) 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.

Party City Holdco Long-Term Capital Lease Obligation Related Terms

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Party City Holdco (Party City Holdco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Party City Holdco Inc (OTCPK:PRTYQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Grasslands Road, Elmsford, NY, USA, 10523

Website

https://www.partycity.com

Party City Holdco Inc is a party goods retailer in North America that operates owned and franchised locations in the us, Canada, and Puerto Rico. Party City also sells internationally in countries like the UK, France, Germany, and Australia, among others. The company has two primary reporting segments: retail and wholesale. The retail operations sell through Anagram, Amscan, Designware, Costumes USA, and other party suppliers, such as Party City, Halloween City, and PartyCity.com. The wholesale segment sells party goods such as paper and plastic tableware, accessories and novelties, balloons, stationery, and gift items for all occasions. These products are sold by franchise stores, mass merchants, independent card and gift shops, dollar stores, and other retailers and global distributors.

Executives

Clifford Sosin	10 percent owner	8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880
John Capela	officer: See Remarks	779 HIGHLAND AVENUE, PARAMUS NJ 07652
Peter Royer Smith	officer: Chief Operations Officer	3438 PEACHTREE ROAD NE, SUITE 1800, ATLANTA GA 30326
De Mesa Graziano Cheryl	officer: Chief Accounting Officer	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Steven J Collins	director	29 VINTON STREET, #5, BOSTON MA 02127
William S. Creekmuir	director	SIX CONCOURSE PARKWAY, SUITE 3300-A, ATLANTA GA 30328
John Frascotti	director	C/O HASBRO, INC. 1011 NEWPORT AVENUE, PAWTUCKET RI 02862
Shroff Michelle Millstone	director	C/O PARTY CITY HOLDCO INC., 80 GRASSLANDS ROAD, ELMSFORD NY 10523
James M Harrison	director	GOLDMAN, SACHS & CO., 85 BROAD ST, NEW YORK NY 10004
Reginald Rasch	officer: See Remarks	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Sean Thompson	officer: See Remarks	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Sarah Dodds-brown	director	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Jennifer Fleiss	director	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Joel Alsfine	director	2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Norman S Matthews	director	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022