Metrofile Holdings (JSE:MFL) Long-Term Capital Lease Obligation : R87.1 Mil (As of Dec. 2023)

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What is Metrofile Holdings Long-Term Capital Lease Obligation?

Metrofile Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R87.1 Mil.

Metrofile Holdings's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R94.1 Mil) to Jun. 2023 (R101.9 Mil) but then declined from Jun. 2023 (R101.9 Mil) to Dec. 2023 (R87.1 Mil).

Metrofile Holdings's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (R97.7 Mil) to Jun. 2022 (R114.8 Mil) but then declined from Jun. 2022 (R114.8 Mil) to Jun. 2023 (R101.9 Mil).

Metrofile Holdings Long-Term Capital Lease Obligation Historical Data

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

Metrofile Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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0.31

103.77

97.74

114.79

101.90

Metrofile Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															120.80	114.79	94.06	101.90	87.15

Metrofile Holdings (JSE:MFL) 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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Metrofile Holdings (JSE:MFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Metrofile Holdings Ltd (JSE:MFL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

28 Fricker Road, First Floor, West Block, Illovo Boulevard, Sandton, GT, ZAF, 2196

Website

https://www.metrofilegroup.com

Metrofile Holdings Ltd provides data management and data storage facilities to its clients. The company offers Records storage and management, including backup and protection of active and inactive documents, images, and data in physical and electronic format. It also provides other services such as Digital services, Business support services, and other Products and Solutions. Its segments include MRM South Africa, which is the key revenue driver; MRM Rest of Africa; MRM Middle East and Products and Services South Africa. The majority of its revenue is derived from its Secure storage services.

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