PBT Group (JSE:PBG) Long-Term Capital Lease Obligation : R8 Mil (As of Sep. 2023)

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What is PBT Group Long-Term Capital Lease Obligation?

PBT Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R8 Mil.

PBT Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (R4 Mil) to Mar. 2023 (R2 Mil) but then increased from Mar. 2023 (R2 Mil) to Sep. 2023 (R8 Mil).

PBT Group's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (R13 Mil) to Mar. 2022 (R7 Mil) and declined from Mar. 2022 (R7 Mil) to Mar. 2023 (R2 Mil).

PBT Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for PBT Group'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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PBT Group Long-Term Capital Lease Obligation Chart

PBT Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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14.20

12.76

7.01

1.85

PBT Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.93	7.01	4.16	1.85	8.43

PBT Group (JSE:PBG) 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.

PBT Group Long-Term Capital Lease Obligation Related Terms

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PBT Group (JSE:PBG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PBT Group Ltd (JSE:PBG) » Definitions » Long-Term Capital Lease Obligation

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Address

PBT House, 2 Mews Close, Waterford Mews, Century City, Cape Town, WC, ZAF, 7441

Website

https://www.pbtgroup.co.za

PBT Group Ltd is a South African-based company that offers information management and data analytics services. The company's operating segments are based on geographical locations namely South Africa, Australia, Europe and Other. It generates maximum revenue from the South Africa segment. South Africa segment includes consulting and implementation of data, management information software and healthcare administration services in the Republic of South Africa. It serves finance, insurance, telecommunications, retail, petroleum and medical healthcare industries. The company services include Data Engineering, Analytics and Visualization, Artificial Intelligence, Managed Solutions, Advisory and Strategic Services, Application Development and others.

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