Pricesmart (STU:PS8) Long-Term Capital Lease Obligation : €100 Mil (As of Feb. 2024)

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What is Pricesmart Long-Term Capital Lease Obligation?

Pricesmart's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €100 Mil.

Pricesmart's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (€112 Mil) to Nov. 2023 (€112 Mil) and declined from Nov. 2023 (€112 Mil) to Feb. 2024 (€100 Mil).

Pricesmart's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (€110 Mil) to Aug. 2022 (€117 Mil) but then declined from Aug. 2022 (€117 Mil) to Aug. 2023 (€112 Mil).

Pricesmart Long-Term Capital Lease Obligation Historical Data

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

Pricesmart Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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104.93

109.87

116.96

112.05

Pricesmart Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															105.86	105.23	112.05	111.54	99.96

Pricesmart (STU:PS8) 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.

Pricesmart Long-Term Capital Lease Obligation Related Terms

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Pricesmart (STU:PS8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pricesmart Inc (STU:PS8) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PSMT:USA

Address

9740 Scranton Road, San Diego, CA, USA, 92121

Website

https://www.pricesmart.com

Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.

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