Best Buy Co (XSWX:BBY) Long-Term Capital Lease Obligation : CHF2,022 Mil (As of Apr. 2024)

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What is Best Buy Co Long-Term Capital Lease Obligation?

Best Buy Co's Long-Term Capital Lease Obligation for the quarter that ended in Apr. 2024 was CHF2,022 Mil.

Best Buy Co's quarterly Long-Term Capital Lease Obligation declined from Oct. 2023 (CHF2,051 Mil) to Jan. 2024 (CHF1,889 Mil) but then increased from Jan. 2024 (CHF1,889 Mil) to Apr. 2024 (CHF2,022 Mil).

Best Buy Co's annual Long-Term Capital Lease Obligation increased from Jan. 2022 (CHF1,894 Mil) to Jan. 2023 (CHF2,000 Mil) but then declined from Jan. 2023 (CHF2,000 Mil) to Jan. 2024 (CHF1,889 Mil).

Best Buy Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Best Buy Co'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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Best Buy Co Long-Term Capital Lease Obligation Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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2,096.71

1,804.91

1,894.27

1,999.75

1,889.16

Best Buy Co 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															1,912.01	1,966.16	2,050.95	1,889.16	2,021.80

Best Buy Co (XSWX:BBY) 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.

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Best Buy Co (XSWX:BBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (XSWX:BBY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BBY:USA BBY:Mexico BUY:Germany BBYY34:Brazil

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.