Mustek (JSE:MST) Long-Term Capital Lease Obligation : R34 Mil (As of Dec. 2023)

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What is Mustek Long-Term Capital Lease Obligation?

Mustek's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R34 Mil.

Mustek's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R36 Mil) to Jun. 2023 (R38 Mil) but then declined from Jun. 2023 (R38 Mil) to Dec. 2023 (R34 Mil).

Mustek's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (R59 Mil) to Jun. 2022 (R29 Mil) but then increased from Jun. 2022 (R29 Mil) to Jun. 2023 (R38 Mil).

Mustek Long-Term Capital Lease Obligation Historical Data

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

Mustek Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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10.14

58.82

29.31

38.23

Mustek Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															38.53	29.31	35.59	38.23	33.68

Mustek (JSE:MST) 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.

Mustek Long-Term Capital Lease Obligation Related Terms

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Mustek (JSE:MST) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mustek Ltd (JSE:MST) » Definitions » Long-Term Capital Lease Obligation

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Address

322 15th Road, Randjespark, Midrand, GT, ZAF, 1685

Website

https://www.mustek.co.za

Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segment includes Mustek; Rectron; MIE and Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes training provider of accredited training programmes and the group includes investments in associates and other investments and loans. Geographically, operates through the region of South Africa. It derives substantial part of its revenue from the Mustek segment.