Octodec Investments (JSE:OCT) Long-Term Capital Lease Obligation : R10.9 Mil (As of Feb. 2024)

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What is Octodec Investments Long-Term Capital Lease Obligation?

Octodec Investments's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R10.9 Mil.

Octodec Investments's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (R10.9 Mil) to Aug. 2023 (R10.9 Mil) and declined from Aug. 2023 (R10.9 Mil) to Feb. 2024 (R10.9 Mil).

Octodec Investments's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (R11.0 Mil) to Aug. 2022 (R10.9 Mil) and declined from Aug. 2022 (R10.9 Mil) to Aug. 2023 (R10.9 Mil).

Octodec Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for Octodec Investments'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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Octodec Investments Long-Term Capital Lease Obligation Chart

Octodec Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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10.98

10.96

10.93

10.90

Octodec Investments Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.94	10.93	10.92	10.90	10.89

Octodec Investments (JSE:OCT) 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.

Octodec Investments Long-Term Capital Lease Obligation Related Terms

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Octodec Investments (JSE:OCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Octodec Investments Ltd (JSE:OCT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

101 Du Toit Street, CPA House, Tshwane, Pretoria, GT, ZAF, 0002

Website

https://www.octodec.co.za

Octodec Investments Ltd is a real estate investment trust (REIT). The company generates rental income from Residential, Retail - street shops, Retail - shopping centres, offices, industrial, and parking, where the majority of its revenue is from the Residential segment.

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