African Equity Empowerment Investments (JSE:AEE) Long-Term Capital Lease Obligation : R18.9 Mil (As of Aug. 2023)

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What is African Equity Empowerment Investments Long-Term Capital Lease Obligation?

African Equity Empowerment Investments's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was R18.9 Mil.

African Equity Empowerment Investments's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (R136.9 Mil) to Feb. 2023 (R29.0 Mil) and declined from Feb. 2023 (R29.0 Mil) to Aug. 2023 (R18.9 Mil).

African Equity Empowerment Investments's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (R131.6 Mil) to Aug. 2022 (R136.9 Mil) but then declined from Aug. 2022 (R136.9 Mil) to Aug. 2023 (R18.9 Mil).

African Equity Empowerment Investments Long-Term Capital Lease Obligation Historical Data

The historical data trend for African Equity Empowerment Investments'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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African Equity Empowerment Investments Long-Term Capital Lease Obligation Chart

African Equity Empowerment Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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3.10

71.78

131.58

136.85

18.87

African Equity Empowerment Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															131.58	128.76	136.85	29.05	18.87

African Equity Empowerment Investments (JSE:AEE) 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.

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African Equity Empowerment Investments (JSE:AEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » African Equity Empowerment Investments Ltd (JSE:AEE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001

Website

https://www.aeei.co.za

African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.