Emira Property Fund (JSE:EMI) Long-Term Capital Lease Obligation : R73 Mil (As of Sep. 2023)

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What is Emira Property Fund Long-Term Capital Lease Obligation?

Emira Property Fund's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was R73 Mil.

Emira Property Fund's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (R73 Mil) to Dec. 2022 (R73 Mil) but then declined from Dec. 2022 (R73 Mil) to Sep. 2023 (R73 Mil).

Emira Property Fund's annual Long-Term Capital Lease Obligation declined from Jun. 2020 (R36 Mil) to Jun. 2021 (R36 Mil) but then increased from Jun. 2021 (R36 Mil) to Jun. 2022 (R73 Mil).

Emira Property Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for Emira Property Fund'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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Emira Property Fund Long-Term Capital Lease Obligation Chart

Emira Property Fund Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

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35.92

35.52

73.15

Emira Property Fund Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															35.52	62.71	73.15	73.22	73.21

Emira Property Fund (JSE:EMI) 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.

Emira Property Fund Long-Term Capital Lease Obligation Related Terms

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Emira Property Fund (JSE:EMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Emira Property Fund Ltd (JSE:EMI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

33 Sloane Street, 1st Floor, Block A, Knightsbridge, Bryanston, Johannesburg, GT, ZAF, 2191

Website

https://www.emira.co.za

Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential and industrial properties. Most of the properties are in Gauteng, with the others in Western Cape and KwaZulu-Natal. The company operates through five segments namely: Office; Retail; Industrial; Residential and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties.

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