Capital Appreciation (JSE:CTA) Long-Term Capital Lease Obligation : R25 Mil (As of Sep. 2023)

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What is Capital Appreciation Long-Term Capital Lease Obligation?

Capital Appreciation's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R25 Mil.

Capital Appreciation's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (R0 Mil) to Mar. 2023 (R14 Mil) and increased from Mar. 2023 (R14 Mil) to Sep. 2023 (R25 Mil).

Capital Appreciation's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (R11 Mil) to Mar. 2022 (R2 Mil) but then increased from Mar. 2022 (R2 Mil) to Mar. 2023 (R14 Mil).

Capital Appreciation Long-Term Capital Lease Obligation Historical Data

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

Capital Appreciation Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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19.56

11.10

1.50

13.93

Capital Appreciation Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											7.66	1.50	0.50	13.93	25.37

Capital Appreciation (JSE:CTA) 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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Capital Appreciation (JSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Capital Appreciation Ltd (JSE:CTA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

44 Saturn Crescent, Unit 2, Linbro Business Park, Sandton, Johannesburg, GT, ZAF, 2090

Website

https://www.capitalappreciation.co.za

Capital Appreciation Ltd is a South Africa based company that owns, manages, invests in, and promotes established and developing financial technology enterprises, their platforms, solutions, products, and applications. The company operates in Fintech and Financial service sector. The company operates in three segments that include Payments and Payment Infrastructure Services and Software and Services, and an International Divison. The majority of the revenue is generated from the payments division. All of its revenue is generated from South Africa.