Sirius Real Estate (Sirius Real Estate) Long-Term Capital Lease Obligation : $38.6 Mil (As of Mar. 2024)

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What is Sirius Real Estate Long-Term Capital Lease Obligation?

Sirius Real Estate's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $38.6 Mil.

Sirius Real Estate's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($40.0 Mil) to Sep. 2023 ($39.0 Mil) and declined from Sep. 2023 ($39.0 Mil) to Mar. 2024 ($38.6 Mil).

Sirius Real Estate's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($41.4 Mil) to Mar. 2023 ($40.0 Mil) and declined from Mar. 2023 ($40.0 Mil) to Mar. 2024 ($38.6 Mil).

Sirius Real Estate Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sirius Real Estate'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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Sirius Real Estate Long-Term Capital Lease Obligation Chart

Sirius Real Estate Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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15.01

10.87

41.41

40.04

38.59

Sirius Real Estate Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															41.41	36.86	40.04	38.95	38.59

Sirius Real Estate (OTCPK:SRRLF) 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.

Sirius Real Estate Long-Term Capital Lease Obligation Related Terms

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Sirius Real Estate (Sirius Real Estate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sirius Real Estate Ltd (OTCPK:SRRLF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SRE:South Africa SREl:UK SRE:UK EYI:Germany

Address

Admiral Park, Trafalgar Court, 2nd Floor, East Wing, Channel Islands, St Peter Port, GGY, GY1 3EL

Website

https://www.sirius-real-estate.com

Sirius Real Estate Ltd is in the business of investment in and acquisition of the commercial property to provide workspace in Germany. It operates in two segments that is Germany; and United Kingdom. The Company invests in large mixed-use commercial real estate assets in Germany. The firm derives revenues in the form of rental income from operations in Germany. Its portfolio includes Conventional offices, Smartspace Office, Officepods, Virtual office, Classical storage spaces, Smart space Storage, Flexi storage, Workshop spaces, and others.