Migros Turk TAS (IST:MGROS) Long-Term Capital Lease Obligation : ₺8,860 Mil (As of Mar. 2024)

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What is Migros Turk TAS Long-Term Capital Lease Obligation?

Migros Turk TAS's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺8,860 Mil.

Migros Turk TAS's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₺5,422 Mil) to Dec. 2023 (₺6,425 Mil) and increased from Dec. 2023 (₺6,425 Mil) to Mar. 2024 (₺8,860 Mil).

Migros Turk TAS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₺2,349 Mil) to Dec. 2022 (₺5,941 Mil) and increased from Dec. 2022 (₺5,941 Mil) to Dec. 2023 (₺6,425 Mil).

Migros Turk TAS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Migros Turk TAS'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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Migros Turk TAS Long-Term Capital Lease Obligation Chart

Migros Turk TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,960.13

2,336.75

2,349.11

5,940.89

6,424.73

Migros Turk TAS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4,156.63	4,613.79	5,422.35	6,424.73	8,859.98

Migros Turk TAS (IST:MGROS) 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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Migros Turk TAS (IST:MGROS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Migros Turk TAS (IST:MGROS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Atatürk Mah. Turgut Özal Bulvar? No: 7, Atasehir - Istanbul, TUR, 34758

Website

http://www.migroskurumsal.com

Migros Turk TAS is a Turkey-based company that is principally engaged in the retail business. The company offers a broad range of merchandise, including food items, groceries, cosmetics, glass and kitchenware, stationery, electronic appliances, books, and others. The company operates through a number of store brands, including Migros stores, which account for the majority of the company's total stores; Macrocenter stores, which provides exclusive goods; and Ramstore stores, which are located outside Turkey and offer Turkish products. The company also operates business through an online channel. It generates the majority of its total revenue from the domestic market.

Migros Turk TAS (IST:MGROS) Headlines

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