What is Petco Health and Wellness Co Long-Term Capital Lease Obligation?
Petco Health and Wellness Co's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1,125 Mil.
Petco Health and Wellness Co's quarterly Long-Term Capital Lease Obligation
declined
from Jul. 2023 ($1,160 Mil) to Oct. 2023 ($1,149 Mil) and
declined
from Oct. 2023 ($1,149 Mil) to Jan. 2024 ($1,125 Mil).
Petco Health and Wellness Co's annual Long-Term Capital Lease Obligation
increased
from Jan. 2022 ($1,121 Mil) to Jan. 2023 ($1,172 Mil) but then
declined
from Jan. 2023 ($1,172 Mil) to Jan. 2024 ($1,125 Mil).
Petco Health and Wellness Co Long-Term Capital Lease Obligation Historical Data
The historical data trend for Petco Health and Wellness 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.
Petco Health and Wellness Co Long-Term Capital Lease Obligation Chart
Petco Health and Wellness Co (NAS:WOOF) 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.
Petco Health and Wellness Co Long-Term Capital Lease Obligation Related Terms
Thank you for viewing the detailed overview of Petco Health and Wellness Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Petco Health and Wellness Co (Petco Health and Wellness Co) Business Description
Petco Health and Wellness Co Inc offer pet care products such as puppy food, treats, nutrition, and supplies through retail outlets and online platforms. The company generates revenue from the sale of products and services such as dog and cat food, supplies, and companion animals, among others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WOOF has been successfully added to your 