Hudaco Industries (JSE:HDC) Long-Term Capital Lease Obligation : R361 Mil (As of Nov. 2023)

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What is Hudaco Industries Long-Term Capital Lease Obligation?

Hudaco Industries's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was R361 Mil.

Hudaco Industries's quarterly Long-Term Capital Lease Obligation declined from Nov. 2022 (R331 Mil) to May. 2023 (R260 Mil) but then increased from May. 2023 (R260 Mil) to Nov. 2023 (R361 Mil).

Hudaco Industries's annual Long-Term Capital Lease Obligation declined from Nov. 2021 (R372 Mil) to Nov. 2022 (R331 Mil) but then increased from Nov. 2022 (R331 Mil) to Nov. 2023 (R361 Mil).

Hudaco Industries Long-Term Capital Lease Obligation Historical Data

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

Hudaco Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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365.78

372.33

330.58

360.76

Hudaco Industries Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															372.33	338.00	330.58	260.00	360.76

Hudaco Industries (JSE:HDC) 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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Hudaco Industries (JSE:HDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hudaco Industries Ltd (JSE:HDC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Emerald Boulevard, Greenstone Hill, Building 9, 1st Floor, Greenstone Hill Office Park, Edenvale, GT, ZAF, 1609

Website

http://www.hudaco.co.za

Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Consumer-related product segment. Geographically, it derives a majority of revenue from South Africa.

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