Magnit PJSC (XKAZ:RU_MGNT) Long-Term Capital Lease Obligation : ₸2,197,795 Mil (As of Jun. 2023)

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What is Magnit PJSC Long-Term Capital Lease Obligation?

Magnit PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₸2,197,795 Mil.

Magnit PJSC's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (₸2,609,999 Mil) to Dec. 2022 (₸2,946,266 Mil) but then declined from Dec. 2022 (₸2,946,266 Mil) to Jun. 2023 (₸2,197,795 Mil).

Magnit PJSC's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₸1,805,167 Mil) to Dec. 2021 (₸2,335,926 Mil) and increased from Dec. 2021 (₸2,335,926 Mil) to Dec. 2022 (₸2,946,266 Mil).

Magnit PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Magnit PJSC'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.

* Premium members only.

Magnit PJSC Long-Term Capital Lease Obligation Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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1,559,757.07

1,984,312.40

1,805,167.24

2,335,925.66

2,946,265.73

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,856,186.86	2,335,925.66	2,609,999.04	2,946,265.73	2,197,794.76

Magnit PJSC (XKAZ:RU_MGNT) 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.

Magnit PJSC Long-Term Capital Lease Obligation Related Terms

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Magnit PJSC (XKAZ:RU_MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (XKAZ:RU_MGNT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MGNT:Russia

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.

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