Trans Nationwide Express (NSA:TRN) Long-Term Capital Lease Obligation : ₦0.00 Mil (As of . 20)

View and export this data going back to 1992. Start your Free Trial

What is Trans Nationwide Express Long-Term Capital Lease Obligation?

Trans Nationwide Express's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₦0.00 Mil.

Trans Nationwide Express Long-Term Capital Lease Obligation Historical Data

The historical data trend for Trans Nationwide Express'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.

* Premium members only.

Trans Nationwide Express Long-Term Capital Lease Obligation Chart

Trans Nationwide Express Annual Data

Trend

Long-Term Capital Lease Obligation

Trans Nationwide Express Quarterly Data

Long-Term Capital Lease Obligation

Trans Nationwide Express (NSA:TRN) 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.

Trans Nationwide Express Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Trans Nationwide Express's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Trans Nationwide Express (NSA:TRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Trans Nationwide Express PLC (NSA:TRN) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

28, Oshodi Apapa Expressway, Oshodi, Lagos, NGA

Website

https://www.tranex-ng.com

Trans Nationwide Express PLC is a Logistics company engaged in domestic and International Express delivery, haulage, freight and other ancillary transportation and storage services. The company's services include Warehousing, E-Commerce/Order Fulfillment, Haulage Services, Air/sea Freight, Mailroom Management, Tranex Dedicated Motorcycle Service, Express Delivery and Tranex Biopharm/Cold Chain Solutions.