Foschini Group (JSE:TFG) Long-Term Capital Lease Obligation : R7,512 Mil (As of Sep. 2023)

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What is Foschini Group Long-Term Capital Lease Obligation?

Foschini Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R7,512 Mil.

Foschini Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (R6,251 Mil) to Mar. 2023 (R7,267 Mil) and increased from Mar. 2023 (R7,267 Mil) to Sep. 2023 (R7,512 Mil).

Foschini Group's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (R5,064 Mil) to Mar. 2022 (R5,450 Mil) and increased from Mar. 2022 (R5,450 Mil) to Mar. 2023 (R7,267 Mil).

Foschini Group Long-Term Capital Lease Obligation Historical Data

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

Foschini Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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5,611.40

5,596.80

5,064.00

5,449.50

7,266.50

Foschini 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															5,110.20	5,449.50	6,251.10	7,266.50	7,512.10

Foschini Group (JSE:TFG) 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.

Foschini Group Long-Term Capital Lease Obligation Related Terms

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Foschini Group (JSE:TFG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foschini Group Ltd (JSE:TFG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FHNGY:USA

Address

340 Voortrekker Road, Stanley Lewis Centre, Parow East, Cape Town, WC, ZAF, 7500

Website

https://www.tfglimited.co.za

Foschini Group Ltd is a South African fashion retailer. The company offers ladieswear, footwear, accessories, cosmetics and fragrances, kidswear, homewares, sportswear, cellular and jewelry mainly in South Africa, as well as financial services. The Foschini Group portfolio consists of multiple brands, including @home, @homelivingpace, American Swiss, Sterns, Charles and Keith, Colette, DonnaClaire, Phase Eight, Soda Bloc, Duesouth, Exact, Fabiani, The Fix, Foschini, G-star Raw, hi, Markham, Mat and May, and Whistles. The Group consists of four operating segments: TFG Africa retail division, TFG London, TFG Australia, and Credit.