Hulamin (JSE:HLM) Long-Term Capital Lease Obligation : R44 Mil (As of Jun. 2024)

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What is Hulamin Long-Term Capital Lease Obligation?

Hulamin's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was R44 Mil.

Hulamin's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (R42 Mil) to Dec. 2023 (R52 Mil) but then declined from Dec. 2023 (R52 Mil) to Jun. 2024 (R44 Mil).

Hulamin's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R41 Mil) to Dec. 2022 (R47 Mil) and increased from Dec. 2022 (R47 Mil) to Dec. 2023 (R52 Mil).

Hulamin Long-Term Capital Lease Obligation Historical Data

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

Hulamin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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34.41

47.25

41.46

46.72

51.88

Hulamin Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															54.73	46.72	41.67	51.88	44.40

Hulamin (JSE:HLM) 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.

Hulamin Long-Term Capital Lease Obligation Related Terms

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Hulamin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hulamin Ltd (JSE:HLM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

4H6:Germany

Address

Moses Mabhida Road, P.O. Box 74, Pietermaritzburg, NL, ZAF, 3200

Website

https://www.hulamin.co.za

Hulamin Ltd manufactures and markets rolled and extruded aluminum products. The group is organized into two major operating divisions, namely Hulamin Rolled Products, and Hulamin Extrusions. Its Hulamin Rolled Product segment is a key revenue driver, comprises Rolled Products and Containers businesses, manufactures and supplies fabricated and rolled semi-finished aluminum products. The Hulamin Extrusions segment manufactures and supplies extruded aluminum products. Its geographic segments of the group are South Africa, North America, Europe, Asia, the Middle East, Australasia, South America, and the Rest of Africa, of which key revenue is generated from South Africa. The company serves the market of Automotive and transport; Building and construction; General Engineering and Packaging.

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