NEPI Rockcastle NV (JSE:NRP) Long-Term Capital Lease Obligation : R1,117 Mil (As of Dec. 2023)

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What is NEPI Rockcastle NV Long-Term Capital Lease Obligation?

NEPI Rockcastle NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R1,117 Mil.

NEPI Rockcastle NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R666 Mil) to Jun. 2023 (R720 Mil) and increased from Jun. 2023 (R720 Mil) to Dec. 2023 (R1,117 Mil).

NEPI Rockcastle NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R589 Mil) to Dec. 2022 (R666 Mil) and increased from Dec. 2022 (R666 Mil) to Dec. 2023 (R1,117 Mil).

NEPI Rockcastle NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for NEPI Rockcastle NV'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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NEPI Rockcastle NV Long-Term Capital Lease Obligation Chart

NEPI Rockcastle NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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516.81

613.05

588.60

665.72

1,117.03

NEPI Rockcastle NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															588.60	538.86	665.72	720.22	1,117.03

NEPI Rockcastle NV (JSE:NRP) 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.

NEPI Rockcastle NV Long-Term Capital Lease Obligation Related Terms

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NEPI Rockcastle NV (JSE:NRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » NEPI Rockcastle NV (JSE:NRP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NRP:Netherlands 0A3:Germany

Address

Claude Debussylaan 7-29, Tribes Offices SOM Building 3rd Floor, Amsterdam, NH, NLD, 1082MC

Website

https://www.nepirockcastle.com

NEPI Rockcastle NV is a commercial property investor and developer. The business activities of the group have functioned through Retail, Office, Residential, Industrial, and Corporate segments. The Retail segment acquires, develops and leases retail properties in Romania, Slovakia, Czech Republic, Serbia, and Croatia; the Office segment acquires, develops and leases office properties in Romania and Slovakia; the Industrial segment acquires, develops and leases industrial facilities in Romania, and Corporate segment focuses on activities related to financing expenses. The vast majority of its contracted rentable areas are occupied by large tenants and major franchises. The company generates revenue from rent and expense recovery.