Argent Industrial (JSE:ART) Long-Term Capital Lease Obligation : R42 Mil (As of Sep. 2024)

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What is Argent Industrial Long-Term Capital Lease Obligation?

Argent Industrial's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was R42 Mil.

Argent Industrial's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (R27 Mil) to Mar. 2024 (R49 Mil) but then declined from Mar. 2024 (R49 Mil) to Sep. 2024 (R42 Mil).

Argent Industrial's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (R41 Mil) to Mar. 2023 (R29 Mil) but then increased from Mar. 2023 (R29 Mil) to Mar. 2024 (R49 Mil).

Argent Industrial Long-Term Capital Lease Obligation Historical Data

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

Argent Industrial Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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94.66

62.35

40.71

29.47

48.85

Argent Industrial Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															34.75	29.47	27.32	48.85	41.55

Argent Industrial (JSE:ART) 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.

Argent Industrial Long-Term Capital Lease Obligation Related Terms

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Argent Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Argent Industrial Ltd (JSE:ART) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

First Floor, Ridge 63, 8 Sinembe Crescent, Sinembe Park, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019

Website

https://www.argent.co.za

Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up of ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.

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