Hugo Boss AG (XTER:BOSS) Long-Term Capital Lease Obligation : €624 Mil (As of Dec. 2023)

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What is Hugo Boss AG Long-Term Capital Lease Obligation?

Hugo Boss AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €624 Mil.

Hugo Boss AG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€571 Mil) to Sep. 2023 (€569 Mil) but then increased from Sep. 2023 (€569 Mil) to Dec. 2023 (€624 Mil).

Hugo Boss AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€601 Mil) to Dec. 2022 (€605 Mil) and increased from Dec. 2022 (€605 Mil) to Dec. 2023 (€624 Mil).

Hugo Boss AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hugo Boss AG'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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Hugo Boss AG Long-Term Capital Lease Obligation Chart

Hugo Boss AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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789.47

649.40

601.16

604.93

624.23

Hugo Boss AG 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															604.93	584.00	571.00	569.00	624.23

Hugo Boss AG (XTER:BOSS) 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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Hugo Boss AG (XTER:BOSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hugo Boss AG (XTER:BOSS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HUGPF:USA BOSSY:USA 1BOSS:Italy BOSSd:UK 0Q8F:UK BOSS:Austria

Address

Dieselstrasse 12, Metzingen, DEU, 72555

Website

https://www.hugoboss.com

Hugo Boss is a German-based menswear apparel brand operating in the premium segment through its two brands, Boss and Hugo. The brand was founded in 1924 and initially focused on uniforms. After World War II and the death of the founder, the company shifted focus to men's suits. Hugo Boss' sales are mainly menswear (90%). The company is globally present in 7,400 points of sale, with 63% of revenue generated in the European market, 22% in the Americas, 13% in Asia-Pacific, and less than 3% from licenses. It generates over 60% of sales through its own retail with over 2,000 stores globally.

Executives

Hermann Waldemer	Supervisory Board
Daniel Heinrich Grieder	Board of Directors
Yves Marc Müller	Board of Directors
Katharina Herzog	Supervisory Board
Dr. Heiko Schäfer	Board of Directors
Ingo Wilts	Board of Directors
Luca Marzotto	Supervisory Board