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.

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World Acceptance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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																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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (MEX:WRLD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

WRLD:USA WOA:Germany

Address

104 S. Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

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.