Fast Retailing Co (Fast Retailing Co) Long-Term Capital Lease Obligation : $2,263 Mil (As of Feb. 2024)

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What is Fast Retailing Co Long-Term Capital Lease Obligation?

Fast Retailing Co's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $2,263 Mil.

Fast Retailing Co's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($2,339 Mil) to Nov. 2023 ($2,260 Mil) but then increased from Nov. 2023 ($2,260 Mil) to Feb. 2024 ($2,263 Mil).

Fast Retailing Co's annual Long-Term Capital Lease Obligation declined from Aug. 2021 ($3,128 Mil) to Aug. 2022 ($2,638 Mil) and declined from Aug. 2022 ($2,638 Mil) to Aug. 2023 ($2,339 Mil).

Fast Retailing Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fast Retailing 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.

* Premium members only.

Fast Retailing Co Long-Term Capital Lease Obligation Chart

Fast Retailing Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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3,315.88

3,127.59

2,637.72

2,339.11

Fast Retailing Co 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															2,545.71	2,479.20	2,339.11	2,260.37	2,263.46

Fast Retailing Co (OTCPK:FRCOF) 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.

Fast Retailing Co Long-Term Capital Lease Obligation Related Terms

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Fast Retailing Co (Fast Retailing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fast Retailing Co Ltd (OTCPK:FRCOF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FRCOY:USA 9983:Japan 06288:Hong Kong FR7H:Germany

Address

10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894

Website

https://www.fastretailing.com

Fast Retailing Co Ltd is Japan's apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).

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