Smiths City Group (NZSE:SCY) Long-Term Capital Lease Obligation : NZ$0.0 Mil (As of Oct. 2019)

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What is Smiths City Group Long-Term Capital Lease Obligation?

Smiths City Group's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2019 was NZ$0.0 Mil.

Smiths City Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Smiths City 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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Smiths City Group Long-Term Capital Lease Obligation Chart

Smiths City Group Annual Data

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Long-Term Capital Lease Obligation

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Smiths City Group Semi-Annual Data
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Smiths City Group (NZSE:SCY) 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.

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Smiths City Group (NZSE:SCY) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Smiths City Group Ltd (NZSE:SCY) » Definitions » Long-Term Capital Lease Obligation

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Address

261 Opawa Road, PO Box 2343, Hillsborough, Christchurch, NZL, 8022

Website

https://www.smithscitygroup.co.nz

Smiths City Group Ltd is a holding company. The company has two principal activities: Retail Trading, which is engaged in the retailing of consumer electronic products, kitchen appliances, home heating solutions, home furnishings and sporting goods through the Smiths City brand, and Finance, which is engaged in the provision of finance by Smiths City Finance Limited to support the retailing operation. The Company operates through two segments: retail and the financing of retail sales.

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