PPC (PPCLY) Long-Term Capital Lease Obligation : $3.6 Mil (As of Sep. 2023)

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What is PPC Long-Term Capital Lease Obligation?

PPC's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.6 Mil.

PPC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($2.5 Mil) to Mar. 2023 ($2.3 Mil) but then increased from Mar. 2023 ($2.3 Mil) to Sep. 2023 ($3.6 Mil).

PPC's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($2.1 Mil) to Mar. 2022 ($2.5 Mil) but then declined from Mar. 2022 ($2.5 Mil) to Mar. 2023 ($2.3 Mil).

PPC Long-Term Capital Lease Obligation Historical Data

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

PPC Annual Data

Trend

Sep13

Sep14

Sep15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.14

5.40

2.14

2.54

2.30

PPC 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															1.92	2.54	2.50	2.30	3.59

PPC (OTCPK:PPCLY) 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.

PPC Long-Term Capital Lease Obligation Related Terms

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PPC (PPCLY) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PPC Ltd (OTCPK:PPCLY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PPC:South Africa OZV2:Germany

Address

148 Katherine Street (Corner Grayston Drive), PO Box 787416, Sandton, Johannesburg, GT, ZAF, 2146

Website

https://www.ppc.africa

PPC Ltd is a South Africa-based company that supplies cement and other related products in South Africa and several other African countries. Its production facilities span South Africa, Botswana, Zimbabwe, and Rwanda. The operating segments are South Africa and Botswana Cement, Zimbabwe, Rwanda, aggregates, ash and readymix and group services. The company generates the majority of its revenue from the South Africa and Botswana domestic market, where it marketed its cement products under the brand names OPC, SureRoad, IDM Best Build, Castle, and Spar Build-It. It also distributes cement products in Botswana, Zimbabwe, Mozambique, the Democratic Republic of the Congo, Rwanda, and Ethiopia under the brands OPC, Unicem, Botcem, and Surebuild PMC.