Haverty Furniture (Haverty Furniture) Long-Term Capital Lease Obligation : $180.4 Mil (As of Dec. 2023)

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What is Haverty Furniture Long-Term Capital Lease Obligation?

Haverty Furniture's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $180.4 Mil.

Haverty Furniture's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($178.8 Mil) to Sep. 2023 ($182.3 Mil) but then declined from Sep. 2023 ($182.3 Mil) to Dec. 2023 ($180.4 Mil).

Haverty Furniture's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($196.8 Mil) to Dec. 2022 ($186.8 Mil) and declined from Dec. 2022 ($186.8 Mil) to Dec. 2023 ($180.4 Mil).

Haverty Furniture Long-Term Capital Lease Obligation Historical Data

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

Haverty Furniture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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149.59

200.20

196.77

186.85

180.40

Haverty Furniture 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															186.85	185.87	178.84	182.30	180.40

Haverty Furniture (NYSE:HVT.A) 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.

Haverty Furniture Long-Term Capital Lease Obligation Related Terms

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Haverty Furniture (Haverty Furniture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haverty Furniture Companies Inc (NYSE:HVT.A) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HVT:USA 25F:Germany

Address

780 Johnson Ferry Road, Suite 800, Atlanta, GA, USA, 30342

Website

https://www.havertys.com

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.