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New Frontier Properties (JSE:NFP) Long-Term Capital Lease Obligation : R0.0 Mil (As of May. 2020)


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What is New Frontier Properties Long-Term Capital Lease Obligation?

New Frontier Properties's Long-Term Capital Lease Obligation for the quarter that ended in May. 2020 was R0.0 Mil.


New Frontier Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for New Frontier Properties'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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New Frontier Properties Long-Term Capital Lease Obligation Chart

New Frontier Properties Annual Data
Trend Dec14 Aug16 Aug17 Aug18 Aug19
Long-Term Capital Lease Obligation
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New Frontier Properties Quarterly Data
May15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
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New Frontier Properties  (JSE:NFP) 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.

New Frontier Properties Long-Term Capital Lease Obligation Related Terms

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New Frontier Properties (JSE:NFP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
B45 Twenty Foot Road, 5th Floor, La Croisette, Grand Baie, MUS
New Frontier Properties Ltd operates as a UK real estate investment trust. The company's primary objective is to acquire and develop good quality, income-generating retail and logistics property in the UK and Europe. Its investment portfolio comprises UK shopping centers, Cleveland Centre in Middlesbrough, Coopers Square in Burton upon Trent, and Houndshill Shopping Centre in Blackpool.

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