Clicks Group (Clicks Group) Long-Term Capital Lease Obligation : $115 Mil (As of Aug. 2023)

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What is Clicks Group Long-Term Capital Lease Obligation?

Clicks Group's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was $115 Mil.

Clicks Group's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 ($125 Mil) to Feb. 2023 ($122 Mil) and declined from Feb. 2023 ($122 Mil) to Aug. 2023 ($115 Mil).

Clicks Group's annual Long-Term Capital Lease Obligation declined from Aug. 2021 ($134 Mil) to Aug. 2022 ($125 Mil) and declined from Aug. 2022 ($125 Mil) to Aug. 2023 ($115 Mil).

Clicks Group Long-Term Capital Lease Obligation Historical Data

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

Clicks Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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98.28

104.14

133.85

125.11

114.65

Clicks Group Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															133.85	145.92	125.11	121.98	114.65

Clicks Group (OTCPK:CLCGY) 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.

Clicks Group Long-Term Capital Lease Obligation Related Terms

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Clicks Group (Clicks Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clicks Group Ltd (OTCPK:CLCGY) » Definitions » Long-Term Capital Lease Obligation

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CLS:South Africa

Address

Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001

Website

https://www.clicksgroup.co.za

Clicks Group Ltd operates pharmaceutical health and beauty retail stores. The company primarily operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company targets middle- to upper-income consumers. Clicks' business strategy focuses on consistent product sourcing, product development, and measured store expansion. The company has a portfolio of retail franchise brands including The Body Shop, GNC, and claire's. Clicks uses United Pharmaceutical Distributors' capabilities for the groups' integrated channel to the healthcare market.

Clicks Group (Clicks Group) Headlines

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