MINISO Group Holding (MINISO Group Holding) Long-Term Capital Lease Obligation : $119 Mil (As of Mar. 2024)

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What is MINISO Group Holding Long-Term Capital Lease Obligation?

MINISO Group Holding's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $119 Mil.

MINISO Group Holding's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($89 Mil) to Dec. 2023 ($112 Mil) and increased from Dec. 2023 ($112 Mil) to Mar. 2024 ($119 Mil).

MINISO Group Holding's annual Long-Term Capital Lease Obligation declined from Jun. 2021 ($75 Mil) to Jun. 2022 ($59 Mil) but then increased from Jun. 2022 ($59 Mil) to Jun. 2023 ($78 Mil).

MINISO Group Holding Long-Term Capital Lease Obligation Historical Data

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

MINISO Group Holding Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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44.92

53.50

75.20

58.71

77.75

MINISO Group Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															57.93	77.75	88.92	111.76	119.38

MINISO Group Holding (NYSE:MNSO) 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.

MINISO Group Holding Long-Term Capital Lease Obligation Related Terms

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MINISO Group Holding (MINISO Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MINISO Group Holding Ltd (NYSE:MNSO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MNSO:Mexico 09896:Hong Kong MIF0:Germany

Address

No. 109, Pazhou Avenue, 8th Floor, M Plaza, Haizhu District, Guangdong Province, Guangzhou, CHN, 510000

Website

https://www.miniso.com

MINISO Group Holding Ltd is a retailer offering a variety of design-led lifestyle products. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand, which is engaged in the Design, buying and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying and sale of pop toys. The company generates maximum revenue from the MINISO brand segment. Geographically, it derives a majority of its revenue from China.