Scentre Group (ASX:WRT) Long-Term Capital Lease Obligation : A$80.60 Mil (As of Dec. 2023)

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What is Scentre Group Long-Term Capital Lease Obligation?

Scentre Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$80.60 Mil.

Scentre Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (A$92.70 Mil) to Jun. 2023 (A$0.00 Mil) but then increased from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$80.60 Mil).

Scentre Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (A$106.20 Mil) to Dec. 2022 (A$92.70 Mil) and declined from Dec. 2022 (A$92.70 Mil) to Dec. 2023 (A$80.60 Mil).

Scentre Group Long-Term Capital Lease Obligation Historical Data

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

Scentre Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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120.10

119.50

106.20

92.70

80.60

Scentre Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															106.20	-	92.70	-	80.60

Scentre Group (ASX:WRT) 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.

Scentre Group Long-Term Capital Lease Obligation Related Terms

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Scentre Group (ASX:WRT) Business Description

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STGPF:USA 59S:Germany SCG:Australia

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.scentregroup.com

Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.

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