Vukile Property Fund (JSE:VKE) Long-Term Capital Lease Obligation : R292 Mil (As of Sep. 2023)

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What is Vukile Property Fund Long-Term Capital Lease Obligation?

Vukile Property Fund's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R292 Mil.

Vukile Property Fund's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (R278 Mil) to Mar. 2023 (R286 Mil) and increased from Mar. 2023 (R286 Mil) to Sep. 2023 (R292 Mil).

Vukile Property Fund's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (R201 Mil) to Mar. 2022 (R272 Mil) and increased from Mar. 2022 (R272 Mil) to Mar. 2023 (R286 Mil).

Vukile Property Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vukile Property Fund'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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Vukile Property Fund Long-Term Capital Lease Obligation Chart

Vukile Property Fund Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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196.00

201.00

272.00

286.00

Vukile Property Fund Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															180.00	272.00	278.00	286.00	292.00

Vukile Property Fund (JSE:VKE) 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.

Vukile Property Fund Long-Term Capital Lease Obligation Related Terms

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Vukile Property Fund (JSE:VKE) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vukile Property Fund Ltd (JSE:VKE) » Definitions » Long-Term Capital Lease Obligation

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VKN:Namibia

Address

11 9th Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198

Website

https://www.vukile.co.za

Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue primarily from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also significant portfolio constituents. The majority of the company's tenants are large, listed national companies and major franchises, with the remainder comprising government and midsize to large professional firms.

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