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ESGL Holdings (ESGL Holdings) Long-Term Capital Lease Obligation : $1.98 Mil (As of Dec. 2023)


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What is ESGL Holdings Long-Term Capital Lease Obligation?

ESGL Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.98 Mil.

ESGL Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($2.07 Mil) to Jun. 2023 ($2.02 Mil) and declined from Jun. 2023 ($2.02 Mil) to Dec. 2023 ($1.98 Mil).

ESGL Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.96 Mil) to Dec. 2022 ($2.07 Mil) but then declined from Dec. 2022 ($2.07 Mil) to Dec. 2023 ($1.98 Mil).

ESGL Holdings Long-Term Capital Lease Obligation Historical Data

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

ESGL Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
1.14 1.06 0.96 2.07 1.98

ESGL Holdings Quarterly Data
Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 0.87 2.07 2.02 1.98

ESGL Holdings  (NAS:ESGL) 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.

ESGL Holdings Long-Term Capital Lease Obligation Related Terms

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ESGL Holdings (ESGL Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » ESGL Holdings Ltd (NAS:ESGL) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
101, Tuas South Avenue 2, Singapore, SGP, 637226
Website
https://www.esgroupholdings.com
ESGL Holdings Ltd Formerly Environmental Solutions Group Holdings Ltd is a waste management, treatment and recycling company involved in the collection and recycling of hazardous and non-hazardous industrial waste from customers such as pharmaceutical, semiconductor, petrochemical and electroplating companies.