SURRF (Sun Art Retail Group) Long-Term Capital Lease Obligation : $689 Mil (As of Sep. 2024)

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What is Sun Art Retail Group Long-Term Capital Lease Obligation?

Sun Art Retail Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $689 Mil.

Sun Art Retail Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($801 Mil) to Mar. 2024 ($687 Mil) but then increased from Mar. 2024 ($687 Mil) to Sep. 2024 ($689 Mil).

Sun Art Retail Group's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($963 Mil) to Mar. 2023 ($794 Mil) and declined from Mar. 2023 ($794 Mil) to Mar. 2024 ($687 Mil).

Sun Art Retail Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sun Art Retail 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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Sun Art Retail Group Long-Term Capital Lease Obligation Chart

Sun Art Retail Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Mar24

Mar25

Long-Term Capital Lease Obligation

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1,070.90

962.71

793.66

687.36

577.30

Sun Art Retail Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															793.66	800.50	687.36	688.67	577.30

Sun Art Retail Group (OTCPK:SURRF) 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.

Sun Art Retail Group Long-Term Capital Lease Obligation Related Terms

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Sun Art Retail Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sun Art Retail Group Ltd (OTCPK:SURRF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

SURRY:USA 06808:Hong Kong

Address

No. 255, Jiangchang Xi Road, Jingan District, Shanghai, CHN, 200436

Website

https://www.sunartretail.com

Sun Art Retail Group Ltd is engaged in the operation of brick-and-mortar stores and online sales channels in the People's Republic of China. It operates its business with hypermarkets, superstores, and membership stores under RT-Mart, RT-Super, and M-Club and generates revenue from the sales of goods to customers, membership fees, and rental from leasing areas in the hypermarket buildings. Geographically, the company generates all of its revenue from the People's Republic of China.