Sun Art Retail Group (Sun Art Retail Group) Long-Term Capital Lease Obligation : $801 Mil (As of Sep. 2023)

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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. 2023 was $801 Mil.

Sun Art Retail Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($846 Mil) to Mar. 2023 ($794 Mil) but then increased from Mar. 2023 ($794 Mil) to Sep. 2023 ($801 Mil).

Sun Art Retail Group's annual Long-Term Capital Lease Obligation declined from Dec. 2019 ($1,071 Mil) to Mar. 2022 ($963 Mil) and declined from Mar. 2022 ($963 Mil) to Mar. 2023 ($794 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

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Long-Term Capital Lease Obligation

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1,459.69

1,281.58

1,070.90

962.71

793.66

Sun Art Retail Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,038.37	962.71	845.64	793.66	800.50

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 (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 SRI:Germany

Address

183 Queen’s Road East, Level 54, Hopewell Centre, Hong Kong, HKG

Website

https://www.sunartretail.com

Sun Art Retail Group Ltd is a hypermarket operator in China. As of 2019, the company had 491 hypermarket complexes under two banners: Auchan and RT-Mart, with a total gross floor area of 13.68 million square meters. Sun Art operates its business with hypermarkets, superstores, and mini stores under RT-Super and RT-Mini.

Sun Art Retail Group (Sun Art Retail Group) Headlines

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