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World Acceptance (MEX:WRLD) Long-Term Capital Lease Obligation

: MXN1,509 Mil (As of Mar. 2023)
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World Acceptance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was MXN1,509 Mil.

World Acceptance's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (MXN1,769 Mil) to Dec. 2022 (MXN1,677 Mil) and declined from Dec. 2022 (MXN1,677 Mil) to Mar. 2023 (MXN1,509 Mil).

World Acceptance's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (MXN1,875 Mil) to Mar. 2022 (MXN1,742 Mil) and declined from Mar. 2022 (MXN1,742 Mil) to Mar. 2023 (MXN1,509 Mil).


World Acceptance Long-Term Capital Lease Obligation Historical Data

The historical data trend for World Acceptance'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.

World Acceptance Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 2,409.49 1,874.81 1,741.79 1,509.32

World Acceptance Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,741.79 1,777.43 1,769.48 1,676.85 1,509.32

World Acceptance  (MEX:WRLD) 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.

World Acceptance Long-Term Capital Lease Obligation Related Terms

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World Acceptance (MEX:WRLD) Business Description

World Acceptance logo
Traded in Other Exchanges
Address
104 S. Main Street, Greenville, SC, USA, 29601
World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.

World Acceptance (MEX:WRLD) Headlines

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