President Chain Store (TPE:2912) Long-Term Capital Lease Obligation

: NT$78,066 Mil (As of Dec. 2023)

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President Chain Store's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$78,066 Mil.

President Chain Store's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (NT$75,655 Mil) to Sep. 2023 (NT$77,764 Mil) and increased from Sep. 2023 (NT$77,764 Mil) to Dec. 2023 (NT$78,066 Mil).

President Chain Store's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$66,919 Mil) to Dec. 2022 (NT$74,878 Mil) and increased from Dec. 2022 (NT$74,878 Mil) to Dec. 2023 (NT$78,066 Mil).

President Chain Store Long-Term Capital Lease Obligation Historical Data

The historical data trend for President Chain Store'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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President Chain Store Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

56,894.29

65,277.46

66,918.53

74,877.66

78,066.24

President Chain Store 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																74,877.66	75,830.21	75,655.38	77,763.95	78,066.24

President Chain Store (TPE:2912) 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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President Chain Store (TPE:2912) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » President Chain Store Corp (TPE:2912) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 Tung Hsing Road, 2nd Floor, Taipei, TWN, 110

Website

https://www.7-11.com.tw

President Chain Store Corp., or PCSC, was established in 1978 and is 45% held by its parent, Uni-President Enterprises. The company operates 7-Eleven along with other retail businesses such as drug stores (COSMED), department stores, bakery, restaurants, and Starbucks in Taiwan. The company also runs 7-Eleven in Shanghai, Zhejiang, and the Philippines.

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