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Digicore Holdings (JSE:DGC) Long-Term Capital Lease Obligation : R9.3 Mil (As of Dec. 2014)


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What is Digicore Holdings Long-Term Capital Lease Obligation?

Digicore Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2014 was R9.3 Mil.

Digicore Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2013 (R12.9 Mil) to Jun. 2014 (R8.0 Mil) but then increased from Jun. 2014 (R8.0 Mil) to Dec. 2014 (R9.3 Mil).

Digicore Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2012 (R7.8 Mil) to Jun. 2013 (R14.5 Mil) but then declined from Jun. 2013 (R14.5 Mil) to Jun. 2014 (R8.0 Mil).


Digicore Holdings Long-Term Capital Lease Obligation Historical Data

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

Digicore Holdings Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.14 6.73 7.81 14.48 7.99

Digicore Holdings Semi-Annual Data
Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.97 14.48 12.87 7.99 9.33

Digicore Holdings  (JSE:DGC) 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.

Digicore Holdings Long-Term Capital Lease Obligation Related Terms

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Digicore Holdings (JSE:DGC) Business Description

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Digicore Holdings Limited provides machine (M2M) communication and telematics solutions. The company researches, designs, develop, manufactures, sells and supports tailored solutions for customers.

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