Acsion (JSE:ACS) Long-Term Capital Lease Obligation : R730 Mil (As of Aug. 2023)

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What is Acsion Long-Term Capital Lease Obligation?

Acsion's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was R730 Mil.

Acsion's quarterly Long-Term Capital Lease Obligation increased from Aug. 2022 (R609 Mil) to Feb. 2023 (R700 Mil) and increased from Feb. 2023 (R700 Mil) to Aug. 2023 (R730 Mil).

Acsion's annual Long-Term Capital Lease Obligation increased from Feb. 2021 (R233 Mil) to Feb. 2022 (R498 Mil) and increased from Feb. 2022 (R498 Mil) to Feb. 2023 (R700 Mil).

Acsion Long-Term Capital Lease Obligation Historical Data

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

Acsion Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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209.59

219.99

232.67

497.71

700.41

Acsion Semi-Annual Data
	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												219.38	497.71	609.46	700.41	730.14

Acsion (JSE:ACS) 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.

Acsion Long-Term Capital Lease Obligation Related Terms

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Acsion (JSE:ACS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Acsion Ltd (JSE:ACS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Corner Rooihuiskraal and Hendrik Verwoerd Drives, Mall Reds, 1st Floor, Rooihuiskraal Ext 15, Centurion, ZAF, 0157

Website

https://www.acsionsa.co.za

Acsion Ltd is a property development company. The company has three main reportable segments which are, South African property operations, South African hospitality operations, and Foreign property operations. The company generates majority of its revenue from the South African property operations segment. Geographically, the company's majority of the activities are based in South Africa and Cyprus with a substantial part of its revenue being generated from its operations in South Africa.

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