Datatec (Datatec) Long-Term Capital Lease Obligation : $53 Mil (As of Aug. 2023)

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What is Datatec Long-Term Capital Lease Obligation?

Datatec's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was $53 Mil.

Datatec's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 ($51 Mil) to Feb. 2023 ($45 Mil) but then increased from Feb. 2023 ($45 Mil) to Aug. 2023 ($53 Mil).

Datatec's annual Long-Term Capital Lease Obligation declined from Feb. 2021 ($78 Mil) to Feb. 2022 ($62 Mil) and declined from Feb. 2022 ($62 Mil) to Feb. 2023 ($45 Mil).

Datatec Long-Term Capital Lease Obligation Historical Data

The historical data trend for Datatec'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.

* Premium members only.

Datatec Long-Term Capital Lease Obligation Chart

Datatec Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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21.93

95.15

77.85

61.52

45.41

Datatec Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															68.35	61.52	51.40	45.41	53.34

Datatec (OTCPK:DTTLF) 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.

Datatec Long-Term Capital Lease Obligation Related Terms

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Datatec (Datatec) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Datatec Ltd (OTCPK:DTTLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

81 Maude Street, 3rd Floor, Sandown Chambers, Sandown Village Office Park, Sandown, Johannesburg, GT, ZAF, 2196

Website

https://www.datatec.co.za

Datatec Ltd is an international information and communications technology solutions company. The company's portfolio of businesses is split into three core divisions: Westcon International: Technology distribution of security and networking products, Logicalis International: ICT infrastructure solutions and services and Logicalis Latin America: ICT infrastructure solutions and services. Technology distribution, which offers services related to cyber security and network infrastructure, contributes the majority of the firm's revenue.

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