African Discovery Group (African Discovery Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Aug. 2023)

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What is African Discovery Group Long-Term Capital Lease Obligation?

African Discovery Group's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil.

African Discovery Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for African Discovery Group'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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African Discovery Group Long-Term Capital Lease Obligation Chart

African Discovery Group Annual Data

Trend

Dec10

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Feb17

Long-Term Capital Lease Obligation

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0.74

0.64

African Discovery Group Semi-Annual Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	-	-	-

African Discovery Group (OTCPK:AFDG) 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.

African Discovery Group Long-Term Capital Lease Obligation Related Terms

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African Discovery Group (African Discovery Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Long-Term Capital Lease Obligation

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Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

From GuruFocus

African Discovery Group, Inc. (AFDG) enters collaboration with Ogelle, a dedicated African Social Media Network; announces DTC eligibility

By PRNewswire PRNewswire • 02-25-2021

African Discovery Group, Inc. Announces Completion of Capital Raise

By PRNewswire PRNewswire • 02-08-2021