Adcorp Holdings (JSE:ADR) Long-Term Capital Lease Obligation : R317 Mil (As of Aug. 2023)

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What is Adcorp Holdings Long-Term Capital Lease Obligation?

Adcorp Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was R317 Mil.

Adcorp Holdings's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (R347 Mil) to Feb. 2023 (R332 Mil) and declined from Feb. 2023 (R332 Mil) to Aug. 2023 (R317 Mil).

Adcorp Holdings's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (R370 Mil) to Feb. 2022 (R348 Mil) and declined from Feb. 2022 (R348 Mil) to Feb. 2023 (R332 Mil).

Adcorp Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adcorp 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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Adcorp Holdings Long-Term Capital Lease Obligation Chart

Adcorp Holdings Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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404.02

369.66

348.49

331.98

Adcorp Holdings 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															356.17	348.49	346.70	331.98	317.23

Adcorp Holdings (JSE:ADR) 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.

Adcorp Holdings Long-Term Capital Lease Obligation Related Terms

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Adcorp Holdings (JSE:ADR) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adcorp Holdings Ltd (JSE:ADR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191

Website

https://www.adcorpgroup.com

Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Industrial Services, Professional Services, Training Services, and Australia. The geographical segments are South Africa and International.

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