Advance Auto Parts (STU:AWN) Long-Term Capital Lease Obligation : €2,032 Mil (As of Dec. 2023)

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What is Advance Auto Parts Long-Term Capital Lease Obligation?

Advance Auto Parts's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,032 Mil.

Advance Auto Parts's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€2,077 Mil) to Sep. 2023 (€2,071 Mil) and declined from Sep. 2023 (€2,071 Mil) to Dec. 2023 (€2,032 Mil).

Advance Auto Parts's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2,069 Mil) to Dec. 2022 (€2,151 Mil) but then declined from Dec. 2022 (€2,151 Mil) to Dec. 2023 (€2,032 Mil).

Advance Auto Parts Long-Term Capital Lease Obligation Historical Data

The historical data trend for Advance Auto Parts'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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Advance Auto Parts Long-Term Capital Lease Obligation Chart

Advance Auto Parts Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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1,815.44

1,655.92

2,068.82

2,150.73

2,031.86

Advance Auto Parts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,150.73	2,119.51	2,076.74	2,070.68	2,031.86

Advance Auto Parts (STU:AWN) 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.

Advance Auto Parts Long-Term Capital Lease Obligation Related Terms

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Advance Auto Parts (STU:AWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Advance Auto Parts Inc (STU:AWN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AAP:USA AAP:Mexico AWN:Germany A1AP34:Brazil

Address

4200 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.advanceautoparts.com

Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 5,086 stores as of the end of 2022, in addition to servicing 1,311 independently owned Carquest stores. The company's Worldpac chain is a premier distributor of imported original-equipment parts. Advance derived 59% of its 2022 sales from commercial clients, with the remainder from DIY shoppers.

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