Afristrat Investment Holdings (JSE:ATI) Long-Term Capital Lease Obligation : R3.24 Mil (As of Sep. 2021)

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What is Afristrat Investment Holdings Long-Term Capital Lease Obligation?

Afristrat Investment Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was R3.24 Mil.

Afristrat Investment Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2020 (R5.08 Mil) to Mar. 2021 (R2.44 Mil) but then increased from Mar. 2021 (R2.44 Mil) to Sep. 2021 (R3.24 Mil).

Afristrat Investment Holdings's annual Long-Term Capital Lease Obligation increased from Mar. 2018 (R0.00 Mil) to Jun. 2019 (R0.20 Mil) and increased from Jun. 2019 (R0.20 Mil) to Mar. 2021 (R2.44 Mil).

Afristrat Investment Holdings Long-Term Capital Lease Obligation Historical Data

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

Afristrat Investment Holdings Annual Data

Trend

Jun09

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Mar21

Long-Term Capital Lease Obligation

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0.20

2.44

Afristrat Investment Holdings Semi-Annual Data
	Jun05	Jun06	Jun08	Jun09	Jun10	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Sep17	Mar18	Dec18	Jun19	Dec19	Sep20	Mar21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.20	10.30	5.08	2.44	3.24

Afristrat Investment Holdings (JSE:ATI) 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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Afristrat Investment Holdings (JSE:ATI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Afristrat Investment Holdings Ltd (JSE:ATI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

43 Garsfontein Road, 1st Floor, The Wedge, Waterkloof, ZAF, 0145

Website

https://www.afristrat.ltd

Afristrat Investment Holdings Ltd is engaged in providing accounting services, taxation services, business consultancy services, digital marketing and funding services, and other strategic services.