Momentum Metropolitan Holdings (JSE:MTM) Long-Term Capital Lease Obligation : R0 Mil (As of Dec. 2023)

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What is Momentum Metropolitan Holdings Long-Term Capital Lease Obligation?

Momentum Metropolitan Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R0 Mil.

Momentum Metropolitan Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R0 Mil) to Jun. 2023 (R199 Mil) but then declined from Jun. 2023 (R199 Mil) to Dec. 2023 (R0 Mil).

Momentum Metropolitan Holdings's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (R220 Mil) to Jun. 2022 (R188 Mil) but then increased from Jun. 2022 (R188 Mil) to Jun. 2023 (R199 Mil).

Momentum Metropolitan Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Momentum Metropolitan Holdings'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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Momentum Metropolitan Holdings Long-Term Capital Lease Obligation Chart

Momentum Metropolitan Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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318.00

220.00

188.00

199.00

Momentum Metropolitan Holdings 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															-	188.00	-	199.00	-

Momentum Metropolitan Holdings (JSE:MTM) 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.

Momentum Metropolitan Holdings Long-Term Capital Lease Obligation Related Terms

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Momentum Metropolitan Holdings (JSE:MTM) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Momentum Metropolitan Holdings Ltd (JSE:MTM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MMT:Namibia

Address

268 West Avenue, Centurion, GT, ZAF, 0157

Website

https://www.momentummetropolitan.co.za

Momentum Metropolitan Holdings Ltd is a financial services group. Its core businesses are long- and short-term insurance, asset management, investment, savings, healthcare administration, and employee benefits. Metropolitan and Momentum are the operating brands for offering product and service solutions to all market segments. The firm's operational segments are: Momentum Life, Momentum Investments, Metropolitan Life, Momentum Corporate, Momentum Metropolitan Health, Momentum Metropolitan Africa, Non-life Insurance, New Initiatives and Shareholders.

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