MerryMart Consumer (PHS:MM) Long-Term Capital Lease Obligation : ₱509 Mil (As of Mar. 2024)

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What is MerryMart Consumer Long-Term Capital Lease Obligation?

MerryMart Consumer's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱509 Mil.

MerryMart Consumer's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₱418 Mil) to Dec. 2023 (₱519 Mil) but then declined from Dec. 2023 (₱519 Mil) to Mar. 2024 (₱509 Mil).

MerryMart Consumer's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₱408 Mil) to Dec. 2022 (₱429 Mil) and increased from Dec. 2022 (₱429 Mil) to Dec. 2023 (₱519 Mil).

MerryMart Consumer Long-Term Capital Lease Obligation Historical Data

The historical data trend for MerryMart Consumer'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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MerryMart Consumer Long-Term Capital Lease Obligation Chart

MerryMart Consumer Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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117.48

376.32

407.54

429.35

519.39

MerryMart Consumer 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															436.13	393.02	418.48	519.39	509.05

MerryMart Consumer (PHS:MM) 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.

MerryMart Consumer Long-Term Capital Lease Obligation Related Terms

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MerryMart Consumer (PHS:MM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » MerryMart Consumer Corp (PHS:MM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

DD Meridian Park Corner Macapagal Avenue and Edsa Extension, 9th Floor, Tower 1, DoubleDragon Plaza, Bay Area, Pasay, PHL, 1302

Website

https://www.merrymart.com.ph

MerryMart Consumer Corp is an emerging consumer-focused retail company. It is engaged in the operation of retail stores in the supermarket and household essentials category. It operates through Four divisions namely, MerryMart Grocery; MerryMart Market; and MerryMart Store, MerryMart Wholesale. It generates revenues from trading and selling goods and consumer products on a wholesale or retail basis.

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