AZO (AutoZone) Long-Term Capital Lease Obligation : $2,963 Mil (As of May. 2024)

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What is AutoZone Long-Term Capital Lease Obligation?

AutoZone's Long-Term Capital Lease Obligation for the quarter that ended in May. 2024 was $2,963 Mil.

AutoZone's quarterly Long-Term Capital Lease Obligation declined from Nov. 2023 ($2,911 Mil) to Feb. 2024 ($2,902 Mil) but then increased from Feb. 2024 ($2,902 Mil) to May. 2024 ($2,963 Mil).

AutoZone's annual Long-Term Capital Lease Obligation increased from Aug. 2021 ($2,633 Mil) to Aug. 2022 ($2,838 Mil) and increased from Aug. 2022 ($2,838 Mil) to Aug. 2023 ($2,917 Mil).

AutoZone Long-Term Capital Lease Obligation Historical Data

The historical data trend for AutoZone'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.

AutoZone Long-Term Capital Lease Obligation Chart

AutoZone Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Long-Term Capital Lease Obligation

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2,501.56

2,632.84

2,837.97

2,917.05

2,960.17

AutoZone Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,917.05	2,910.73	2,901.64	2,963.03	2,960.17

AutoZone (NYSE:AZO) 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.

AutoZone Long-Term Capital Lease Obligation Related Terms

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AutoZone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AutoZone Inc (NYSE:AZO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AZO:Mexico 0HJL:UK AZOI34:Brazil

Address

123 South Front Street, Memphis, TN, USA, 38103

Website

https://www.autozone.com

AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.

Executives

Jenna M. Bedsole	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Rhodes William C Iii	officer: Senior Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Eric S. Gould	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Philip B. Daniele	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Richard Craig Smith	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
K. Michelle Borninkhof	officer: Senior Vice President & CIO	123 FRONT STREET, MEMPHIS TN 38103
Grant E. Mcgee	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Dennis W. Leriche	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Domingo Hurtado	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Mrkonic George R Jr	director	C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Thomas B Newbern	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Charles Iii Pleas	officer: Vice President and Controller	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Lindsay Lehman	officer: SVP, Marketing	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Preston Frazer	officer: Senior Vice President	123 SOUTH FRONT ST, MEMPHIS TN 38103
Albert Saltiel	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103