Spar Group (JSE:SPP) Long-Term Capital Lease Obligation : R13,260 Mil (As of Sep. 2023)

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What is Spar Group Long-Term Capital Lease Obligation?

Spar Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R13,260 Mil.

Spar Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (R13,018 Mil) to Mar. 2023 (R12,894 Mil) but then increased from Mar. 2023 (R12,894 Mil) to Sep. 2023 (R13,260 Mil).

Spar Group's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (R12,052 Mil) to Sep. 2022 (R13,018 Mil) and increased from Sep. 2022 (R13,018 Mil) to Sep. 2023 (R13,260 Mil).

Spar Group Long-Term Capital Lease Obligation Historical Data

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

Spar Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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298.40

11,200.40

12,051.90

13,017.80

13,259.50

Spar Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12,051.90	12,302.50	13,017.80	12,894.10	13,259.50

Spar Group (JSE:SPP) 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.

Spar Group Long-Term Capital Lease Obligation Related Terms

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Spar Group (JSE:SPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spar Group Ltd (JSE:SPP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SGPPY:USA

Address

22 Chancery Lane, P.O. Box 1589, Pinetown, NL, ZAF, 3600

Website

https://www.spar.co.za

Spar Group Ltd is a wholesaler and distributor of goods and services to the group's retail outlets such as SPAR stores, Build it builders' merchandise outlets, TOPS at SPAR liquor stores, and others across Southern Africa. The company also has operations that comprise independently owned SPAR, MACE, XL and Londis stores in Ireland and southwest England. The company provides independent retailers the option to own or lease its stores and operate under the SPAR brand. The Southern Africa segment represents the majority of group revenue, with Ireland contributing an increasing proportion. The company delivers goods to the stores by a fleet of trucks and trailers owned by the SPAR Group. The group has two primary private brands namely SPAR and SaveMor.

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