Steinhoff International Holdings NV (JSE:SNH) Long-Term Capital Lease Obligation : R0 Mil (As of Mar. 2023)

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What is Steinhoff International Holdings NV Long-Term Capital Lease Obligation?

Steinhoff International Holdings NV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was R0 Mil.

Steinhoff International Holdings NV's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (R29,640 Mil) to Sep. 2022 (R29,011 Mil) and declined from Sep. 2022 (R29,011 Mil) to Mar. 2023 (R0 Mil).

Steinhoff International Holdings NV's annual Long-Term Capital Lease Obligation declined from Sep. 2020 (R32,739 Mil) to Sep. 2021 (R29,680 Mil) and declined from Sep. 2021 (R29,680 Mil) to Sep. 2022 (R29,011 Mil).

Steinhoff International Holdings NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Steinhoff International Holdings NV'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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Steinhoff International Holdings NV Long-Term Capital Lease Obligation Chart

Steinhoff International Holdings NV Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Long-Term Capital Lease Obligation

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240.96

244.93

32,738.53

29,680.42

29,011.06

Steinhoff International Holdings NV Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															31,391.08	29,680.42	29,639.52	29,011.06	-

Steinhoff International Holdings NV (JSE:SNH) 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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Steinhoff International Holdings NV (JSE:SNH) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Steinhoff International Holdings NV (JSE:SNH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Cnr Adam Tas and Devon Valley Road, Building B2, Vineyard Office Park, Stellenbosch, WC, ZAF, 7600

Website

https://www.steinhoffinternational.com

Steinhoff International Holdings NV is a global holding company with investments in retail businesses in Africa, Australasia, Europe, the United Kingdom, and the United States. The company's four business segments include Pepco Group, Greenlit Brands, Pepkor Holdings, and Group services. The majority of the revenue comes from both Pepco Group and Pepkor Holdings. Pepco Group consists of the general merchandise retail business of Pepco and Poundland. Pepkor Holdings includes retail chains predominantly selling clothing, footwear, textiles, cell phones, airtime, and fast-moving consumer goods, with its revenue mainly derived from South Africa. The holding company operates globally, with the majority of sales coming from Africa and Europe.

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