Italtile (JSE:ITE) Long-Term Capital Lease Obligation : R394 Mil (As of Dec. 2023)

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What is Italtile Long-Term Capital Lease Obligation?

Italtile's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R394 Mil.

Italtile's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (R368 Mil) to Jun. 2023 (R362 Mil) but then increased from Jun. 2023 (R362 Mil) to Dec. 2023 (R394 Mil).

Italtile's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (R352 Mil) to Jun. 2022 (R343 Mil) but then increased from Jun. 2022 (R343 Mil) to Jun. 2023 (R362 Mil).

Italtile Long-Term Capital Lease Obligation Historical Data

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

Italtile Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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257.00

309.00

352.00

343.00

362.00

Italtile Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															339.00	343.00	368.00	362.00	394.00

Italtile (JSE:ITE) 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.

Italtile Long-Term Capital Lease Obligation Related Terms

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Italtile (JSE:ITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Italtile Ltd (JSE:ITE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner William Nicol Drive and Peter Place, The Italtile Building, Bryanston, Johannesburg, GT, ZAF, 2021

Website

https://www.italtile.com

Italtile Ltd is a South Africa-based retailer of imported and local ceramic tiles, bathroom accessories, and related products. Its core business segments into five areas: retail, franchising, properties, manufacturing, and supply and support services. The company's four brands - Italtile, CTM, topT, and U-Light -provide tiles, bath fixtures, home finishing products, lighting, and other accessories. Its manufacturing includes the production of tiles, sanitaryware, baths, adhesive and related products. Italtile derives the majority of its pretax profit from South Africa, predominantly from its retail segment and secondarily from its manufacturing operations.

Italtile (JSE:ITE) Headlines

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