OK Zimbabwe (XZIM:OKZ.ZW) Long-Term Capital Lease Obligation : ZWL54,009 Mil (As of Sep. 2023)

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What is OK Zimbabwe Long-Term Capital Lease Obligation?

OK Zimbabwe's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ZWL54,009 Mil.

OK Zimbabwe's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (ZWL5,268 Mil) to Mar. 2023 (ZWL11,495 Mil) and increased from Mar. 2023 (ZWL11,495 Mil) to Sep. 2023 (ZWL54,009 Mil).

OK Zimbabwe's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (ZWL1,288 Mil) to Mar. 2022 (ZWL5,251 Mil) and increased from Mar. 2022 (ZWL5,251 Mil) to Mar. 2023 (ZWL11,495 Mil).

OK Zimbabwe Long-Term Capital Lease Obligation Historical Data

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

OK Zimbabwe Annual Data

Trend

Mar09

Mar11

Mar12

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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267.16

1,288.05

5,251.18

11,495.46

OK Zimbabwe Semi-Annual Data
	Mar11	Sep11	Mar12	Sep12	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											1,241.63	5,251.18	5,267.62	11,495.46	54,008.60

OK Zimbabwe (XZIM:OKZ.ZW) 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.

OK Zimbabwe Long-Term Capital Lease Obligation Related Terms

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OK Zimbabwe (XZIM:OKZ.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » OK Zimbabwe Ltd (XZIM:OKZ.ZW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

OK House, 7 Ramon Road, P.O. Box 3081, Graniteside, Harare, ZWE

Website

https://www.okziminvestor.com

OK Zimbabwe Ltd is a supermarket retailer in Zimbabwe. The company's business covers three categories including groceries, basic clothing and textiles, and houseware products. Its groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit, and vegetable sections. The company trades its product under brand names, including OK Stores, Bon Marche Stores, and OKmart.

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