Tanachira Retail PCL (BKK:TAN) Long-Term Capital Lease Obligation : ฿103 Mil (As of Jun. 2023)

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What is Tanachira Retail PCL Long-Term Capital Lease Obligation?

Tanachira Retail PCL's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ฿103 Mil.

Tanachira Retail PCL's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (฿0 Mil) to Dec. 2022 (฿121 Mil) but then declined from Dec. 2022 (฿121 Mil) to Jun. 2023 (฿103 Mil).

Tanachira Retail PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿230 Mil) to Dec. 2022 (฿121 Mil) but then increased from Dec. 2022 (฿121 Mil) to Dec. 2023 (฿181 Mil).

Tanachira Retail PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tanachira Retail PCL'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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Tanachira Retail PCL Long-Term Capital Lease Obligation Chart

Tanachira Retail PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

307.92

230.20

121.49

180.85

Tanachira Retail PCL Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			230.20	-	121.49	102.63	180.85

Tanachira Retail PCL (BKK:TAN) 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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Tanachira Retail PCL (BKK:TAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tanachira Retail Corp PCL (BKK:TAN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

999/9 Rama 1 Road, Room OFMH 2807 & 2812, 28th floor, The Offices at Central World, Patumwan, Bangkok, THA, 10330

Website

https://www.tanachira.co.th

Tanachira Retail Corp PCL is a Thailand based retailer importing lifestyle and fashion products. It is principally engaged in the distribution of diamond jewelry, gemstone jewelry and gems and also provides other products and services through its different brands. Based on its products and services the company has the following reportable segments, The jewelry segment, Leather goods, bags, shoes, clothes, furniture and home decorations. Import, export and distribution of clothing, bags and miscellaneous goods, and the incense segment which includes distribution and export of incense, skin care products and provision of spa services. The substantial portion of company's overall revenue is generated from its jewelry segment.