Truworths (XZIM:TRUW.ZW) Long-Term Capital Lease Obligation : ZWL1.1 Mil (As of Jun. 2022)

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What is Truworths Long-Term Capital Lease Obligation?

Truworths's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was ZWL1.1 Mil.

Truworths's quarterly Long-Term Capital Lease Obligation increased from Jun. 2020 (ZWL0.0 Mil) to Jun. 2021 (ZWL4.2 Mil) but then declined from Jun. 2021 (ZWL4.2 Mil) to Jun. 2022 (ZWL1.1 Mil).

Truworths's annual Long-Term Capital Lease Obligation increased from Jun. 2020 (ZWL0.0 Mil) to Jun. 2021 (ZWL4.2 Mil) but then declined from Jun. 2021 (ZWL4.2 Mil) to Jun. 2022 (ZWL1.1 Mil).

Truworths Long-Term Capital Lease Obligation Historical Data

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

Truworths Annual Data

Trend

Jun12

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Jun14

Jun15

Jun17

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Jun19

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Jun22

Long-Term Capital Lease Obligation

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4.17

1.07

Truworths Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	-	-	4.17	1.07

Truworths (XZIM:TRUW.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.

Truworths Long-Term Capital Lease Obligation Related Terms

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Truworths (XZIM:TRUW.ZW) Business Description

Industry

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

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Traded in Other Exchanges

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Address

Stand 808 Seke Road, P. O. Box 2898, Prospect Park, Harare, ZWE

Website

https://www.truworths.co.zw

Truworths Ltd is a Zimbabwe-based company engaged in the manufacturing and retailing of fashion apparel and related merchandise. The company has two operating segments including manufacturing and retail. The manufacturing segment sells its products to the retail segment, which sells goods to the public.

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