Tiffany (Tiffany) Long-Term Capital Lease Obligation : $996 Mil (As of Oct. 2020)

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What is Tiffany Long-Term Capital Lease Obligation?

Tiffany's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2020 was $996 Mil.

Tiffany's quarterly Long-Term Capital Lease Obligation increased from Apr. 2020 ($964 Mil) to Jul. 2020 ($1,024 Mil) but then declined from Jul. 2020 ($1,024 Mil) to Oct. 2020 ($996 Mil).

Tiffany's annual Long-Term Capital Lease Obligation stayed the same from Jan. 2018 ($0 Mil) to Jan. 2019 ($0 Mil) but then increased from Jan. 2019 ($0 Mil) to Jan. 2020 ($1,008 Mil).

Tiffany Long-Term Capital Lease Obligation Historical Data

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

Tiffany Annual Data

Trend

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Long-Term Capital Lease Obligation

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1,008.40

Tiffany Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															966.70	1,008.40	964.00	1,024.00	996.40

Tiffany (NYSE:TIF) 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.

Tiffany Long-Term Capital Lease Obligation Related Terms

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Tiffany (Tiffany) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tiffany & Co (NYSE:TIF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

200 Fifth Avenue, New York, NY, USA, 10010

Website

https://www.tiffany.com

Tiffany is a monobrand jeweler with a 180-year history. It is vertically integrated, with around 60% of jewellery produced internally. Tiffany is present in over 20 countries globally, with over 300 own stores. Its biggest market is its home market, the U.S.; however, Europe and Asia-Pacific have shown the strongest growth in recent years. Engagement jewellery contributes 26% of sales, the remainder being designer jewellery and other collections.

Executives

Alessandro Bogliolo	director, officer: Chief Executive Officer	727 FIFTH AVENUE, NEW YORK NY 10022
Gretchen Koback-pursel	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Andrea Davey	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Philippe Galtie	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Leigh M. Harlan	officer: SENIOR VICE PRESIDENT	200 FIFTH AVENUE NEW YORK NY 10010
Mark J Erceg	officer: Principal Financial Officer	248 E. SKYLINE DRIVE, WASHINGTON UT 84780
Andrew W. Hart	officer: SENIOR VICE PRESIDENT	TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022
Daniella Vitale	officer: Executive Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Francesco Trapani	director	727 FIFTH AVENUE NEW YORK NY 10022
Abby F Kohnstamm	director	C/O TIFFANY & CO., CORP. SECRETARY'S DEPT., 600 MADISON AV, NEW YORK NY 10022
Hafize Gaye Erkan	director	727 FIFTH AVENUE, NEW YORK NY 10022
Hudis Jane Hertzmark	director	C/O THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Lawrence K Fish	director	ONE CITIZENS PLAZA, PROVIDENCE RI 02903
William A Shutzer	director	C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022
Pamela H Cloud	officer: Senior Vice President	TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022