Precision Air Services (DAR:PAL) Long-Term Capital Lease Obligation : TZS0.00 Mil (As of . 20)

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What is Precision Air Services Long-Term Capital Lease Obligation?

Precision Air Services's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was TZS0.00 Mil.

Precision Air Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Precision Air Services'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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Precision Air Services Long-Term Capital Lease Obligation Chart

Precision Air Services Annual Data

Trend

Long-Term Capital Lease Obligation

Precision Air Services Semi-Annual Data

Long-Term Capital Lease Obligation

Precision Air Services (DAR:PAL) 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.

Precision Air Services Long-Term Capital Lease Obligation Related Terms

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Precision Air Services (DAR:PAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precision Air Services PLC (DAR:PAL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Mirambo Street/Samora Avenue, P.O. Box 70770, Diamond Plaza, 1st Floor, Plot no 162/38, Dar-es-Salaam, TZA

Website

https://www.precisionairtz.com

Precision Air Services PLC operates an airline in Tanzania. The company facilitates domestic travel within Tanzania and regional travel within East Africa.

Precision Air Services (DAR:PAL) Headlines

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