LPP (WAR:LPP) Long-Term Capital Lease Obligation : zł2,892 Mil (As of Jan. 2024)

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What is LPP Long-Term Capital Lease Obligation?

LPP's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was zł2,892 Mil.

LPP's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (zł2,606 Mil) to Oct. 2023 (zł2,896 Mil) but then declined from Oct. 2023 (zł2,896 Mil) to Jan. 2024 (zł2,892 Mil).

LPP's annual Long-Term Capital Lease Obligation increased from Jan. 2021 (zł2,524 Mil) to Jan. 2022 (zł3,428 Mil) but then declined from Jan. 2022 (zł3,428 Mil) to Jan. 2023 (zł2,760 Mil).

LPP Long-Term Capital Lease Obligation Historical Data

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

LPP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

Long-Term Capital Lease Obligation

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2,567.95

2,523.67

3,428.20

2,760.10

LPP Quarterly Data
	Mar19	Jun19	Sep19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,760.10	2,718.20	2,606.00	2,895.80	2,892.10

LPP (WAR:LPP) 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.

LPP Long-Term Capital Lease Obligation Related Terms

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LPP (WAR:LPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » LPP SA (WAR:LPP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LPPSY:USA 0LVL:UK

Address

ul. Lakowa 39/44, Gdansk, POL, 80-769

Website

http://www.lppsa.com

LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.

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