The Convenience Shop Holding (MAL:CVS) Long-Term Capital Lease Obligation : €11.27 Mil (As of Dec. 2023)

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What is The Convenience Shop Holding Long-Term Capital Lease Obligation?

The Convenience Shop Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €11.27 Mil.

The Convenience Shop Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€9.17 Mil) to Jun. 2023 (€0.00 Mil) but then increased from Jun. 2023 (€0.00 Mil) to Dec. 2023 (€11.27 Mil).

The Convenience Shop Holding's annual Long-Term Capital Lease Obligation increased from . 20 (€0.00 Mil) to Dec. 2022 (€9.17 Mil) and increased from Dec. 2022 (€9.17 Mil) to Dec. 2023 (€11.27 Mil).

The Convenience Shop Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Convenience Shop Holding'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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The Convenience Shop Holding Long-Term Capital Lease Obligation Chart

The Convenience Shop Holding Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

9.17

11.27

The Convenience Shop Holding Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	9.17	-	11.27

The Convenience Shop Holding (MAL:CVS) 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.

The Convenience Shop Holding Long-Term Capital Lease Obligation Related Terms

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The Convenience Shop Holding (MAL:CVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Convenience Shop Holding PLC (MAL:CVS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Mdina Road, Marant Food Products, Zebbug, MLT, 9017

Website

https://www.theconvenienceshop.com

The Convenience Shop Holding PLC operates and franchises grocery stores in the fast-moving consumer goods ('FMCG') industry. Through its subsidiaries, the Company manages a chain of retail outlets under The Convenience Shop brand in various locations across Malta. The Group currently operates approximately 40 shops of which 4 shops are owned by minority shareholders and 1 shop (The Convenience Shop for Puttinu Cares Ltd) is operated for charity.