OUTsurance Group (JSE:OUT) Long-Term Capital Lease Obligation : R80 Mil (As of Jun. 2023)

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What is OUTsurance Group Long-Term Capital Lease Obligation?

OUTsurance Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was R80 Mil.

OUTsurance Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (R82 Mil) to Dec. 2022 (R76 Mil) but then increased from Dec. 2022 (R76 Mil) to Jun. 2023 (R80 Mil).

OUTsurance Group's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (R118 Mil) to Jun. 2022 (R82 Mil) and declined from Jun. 2022 (R82 Mil) to Jun. 2023 (R80 Mil).

OUTsurance Group Long-Term Capital Lease Obligation Historical Data

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

OUTsurance Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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52.00

118.00

82.00

80.00

OUTsurance Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															118.00	113.00	82.00	76.00	80.00

OUTsurance Group (JSE:OUT) 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.

OUTsurance Group Long-Term Capital Lease Obligation Related Terms

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OUTsurance Group (JSE:OUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » OUTsurance Group Ltd (JSE:OUT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

1241 Embankment Road, Zwartkop Ext 7, Centurion, GT, ZAF, 0157

Website

https://www.outsurance.co.za

OUTsurance Group Ltd is a South African investment holding company with the objective of achieving superior returns for investors. The company mainly engaged in healthcare funding, wellness, and financial services industries, employee benefits, investment and savings, healthcare solutions and short-term insurance to individual clients, small and medium businesses, large companies, organizations and public enterprises through investments in Discovery Limited, MMI Holdings Limited, OUTsurance Holdings Limited and RMB-SI investments proprietary Ltd. It holds a number of brands such as Discovery Health, Discovery Life, Discovery Invest, Momentum, and Ping An Health. The company earns a majority of its revenue South Africa.