Fairvest (JSE:FTA) Long-Term Capital Lease Obligation : R40 Mil (As of Mar. 2024)

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What is Fairvest Long-Term Capital Lease Obligation?

Fairvest's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R40 Mil.

Fairvest's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (R38 Mil) to Sep. 2023 (R40 Mil) but then declined from Sep. 2023 (R40 Mil) to Mar. 2024 (R40 Mil).

Fairvest's annual Long-Term Capital Lease Obligation increased from . 20 (R0 Mil) to Jun. 2021 (R19 Mil) and increased from Jun. 2021 (R19 Mil) to Sep. 2023 (R40 Mil).

Fairvest Long-Term Capital Lease Obligation Historical Data

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

Fairvest Annual Data

Trend

Jun21

Sep23

Long-Term Capital Lease Obligation

19.48

40.47

Fairvest Semi-Annual Data
	Jun21	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	19.48	37.61	40.47	39.94

Fairvest (JSE:FTA) 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.

Fairvest Long-Term Capital Lease Obligation Related Terms

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Fairvest (JSE:FTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fairvest Ltd (JSE:FTA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FTB:South Africa 2T20:Germany

Address

34 Bree Street, 8th Floor, The Terraces, Cape Town, WC, ZAF, 8001

Website

https://www.fairvest.co.za

Fairvest Ltd is a real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial, Retail, Residential & Overhead. The majority is from the Retail segment. Geographically, it is located in South Africa.

Fairvest (JSE:FTA) Headlines

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