Fairvest (FRA:2T20) Long-Term Capital Lease Obligation : €1.95 Mil (As of Mar. 2024)

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What is Fairvest Long-Term Capital Lease Obligation?

Fairvest's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1.95 Mil.

Fairvest's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (€1.92 Mil) to Sep. 2023 (€2.00 Mil) but then declined from Sep. 2023 (€2.00 Mil) to Mar. 2024 (€1.95 Mil).

Fairvest's annual Long-Term Capital Lease Obligation increased from . 20 (€0.00 Mil) to Jun. 2021 (€1.16 Mil) and increased from Jun. 2021 (€1.16 Mil) to Sep. 2023 (€2.00 Mil).

Fairvest Long-Term Capital Lease Obligation Historical Data

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

Fairvest Annual Data

Trend

Jun21

Sep23

Long-Term Capital Lease Obligation

1.16

2.00

Fairvest Semi-Annual Data
	Jun21	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	1.16	1.92	2.00	1.95

Fairvest (FRA:2T20) 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.

Fairvest Long-Term Capital Lease Obligation Related Terms

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Fairvest (FRA:2T20) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fairvest Ltd (FRA:2T20) » Definitions » Long-Term Capital Lease Obligation

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FTA:South Africa FTB:South Africa

Address

34 Bree Street, 8th Floor, The Terraces, Cape Town, WC, ZAF, 8001

Website

https://www.fairvest.co.za

Fairvest Ltd is a real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial, Retail, Residential & Overhead. The majority is from the Retail segment. Geographically, it is located in South Africa.

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