Parkson Retail Group (Parkson Retail Group) Long-Term Capital Lease Obligation : $330.6 Mil (As of Dec. 2023)

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What is Parkson Retail Group Long-Term Capital Lease Obligation?

Parkson Retail Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $330.6 Mil.

Parkson Retail Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($360.5 Mil) to Sep. 2023 ($328.3 Mil) but then increased from Sep. 2023 ($328.3 Mil) to Dec. 2023 ($330.6 Mil).

Parkson Retail Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($527.8 Mil) to Dec. 2022 ($409.3 Mil) and declined from Dec. 2022 ($409.3 Mil) to Dec. 2023 ($330.6 Mil).

Parkson Retail Group Long-Term Capital Lease Obligation Historical Data

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

Parkson Retail Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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551.14

634.89

527.81

409.33

330.65

Parkson Retail Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															409.33	391.22	360.52	328.29	330.65

Parkson Retail Group (OTCPK:PKSGY) 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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Parkson Retail Group (Parkson Retail Group) Business Description

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

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03368:Hong Kong

Address

No. 555, Loushanguan Road, 5th Floor, Metro Plaza, Changning District, Shanghai, CHN, 200051

Website

http://www.parksongroup.com.cn

Parkson Retail Group Ltd is engaged in departmental store operations. It manages a diversified collection of retail formats - including department stores, shopping malls, city outlets, supermarkets, and food & beverage outlets. The Group has one major operating segment: Retail. It operates mainly in the PRC.

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