Meikles (XZIM:MEIK.ZW) Long-Term Capital Lease Obligation : ZWL20,403 Mil (As of Aug. 2023)

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What is Meikles Long-Term Capital Lease Obligation?

Meikles's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was ZWL20,403 Mil.

Meikles's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (ZWL3,078 Mil) to Sep. 2022 (ZWL2,474 Mil) but then increased from Sep. 2022 (ZWL2,474 Mil) to Aug. 2023 (ZWL20,403 Mil).

Meikles's annual Long-Term Capital Lease Obligation increased from Mar. 2019 (ZWL0 Mil) to Mar. 2020 (ZWL312 Mil) and increased from Mar. 2020 (ZWL312 Mil) to Mar. 2021 (ZWL922 Mil).

Meikles Long-Term Capital Lease Obligation Historical Data

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

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Long-Term Capital Lease Obligation

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311.70

921.69

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									921.69	661.94	3,077.52	2,474.45	20,403.26

Meikles (XZIM:MEIK.ZW) 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.

Meikles Long-Term Capital Lease Obligation Related Terms

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Meikles (XZIM:MEIK.ZW) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (XZIM:MEIK.ZW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.

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