Honeywell Flour Mills (NSA:HFM) Long-Term Capital Lease Obligation : ₦825 Mil (As of Mar. 2023)

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What is Honeywell Flour Mills Long-Term Capital Lease Obligation?

Honeywell Flour Mills's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₦825 Mil.

Honeywell Flour Mills's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2021 (₦0 Mil) to Mar. 2022 (₦0 Mil) but then increased from Mar. 2022 (₦0 Mil) to Mar. 2023 (₦825 Mil).

Honeywell Flour Mills's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2021 (₦0 Mil) to Mar. 2022 (₦0 Mil) but then increased from Mar. 2022 (₦0 Mil) to Mar. 2023 (₦825 Mil).

Honeywell Flour Mills Long-Term Capital Lease Obligation Historical Data

The historical data trend for Honeywell Flour Mills'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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Honeywell Flour Mills Long-Term Capital Lease Obligation Chart

Honeywell Flour Mills Annual Data

Trend

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Mar23

Long-Term Capital Lease Obligation

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824.62

Honeywell Flour Mills Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									-	-	-	-	824.62

Honeywell Flour Mills (NSA:HFM) 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.

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Honeywell Flour Mills (NSA:HFM) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honeywell Flour Mills PLC (NSA:HFM) » Definitions » Long-Term Capital Lease Obligation

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Address

2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA

Website

https://www.honeywellflour.com

Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

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