Pembury Lifestyle Group (JSE:PEM) Long-Term Capital Lease Obligation : R26.86 Mil (As of Jun. 2019)

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What is Pembury Lifestyle Group Long-Term Capital Lease Obligation?

Pembury Lifestyle Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2019 was R26.86 Mil.

Pembury Lifestyle Group's quarterly Long-Term Capital Lease Obligation increased from Jun. 2018 (R24.22 Mil) to Dec. 2018 (R25.21 Mil) and increased from Dec. 2018 (R25.21 Mil) to Jun. 2019 (R26.86 Mil).

Pembury Lifestyle Group's annual Long-Term Capital Lease Obligation increased from Feb. 2016 (R20.08 Mil) to Dec. 2017 (R22.24 Mil) and increased from Dec. 2017 (R22.24 Mil) to Dec. 2018 (R25.21 Mil).

Pembury Lifestyle Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pembury Lifestyle 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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Pembury Lifestyle Group Long-Term Capital Lease Obligation Chart

Pembury Lifestyle Group Annual Data

Trend

Feb14

Feb15

Feb16

Dec17

Dec18

Long-Term Capital Lease Obligation

20.08

22.24

25.21

Pembury Lifestyle Group Semi-Annual Data
	Feb15	Feb16	Aug16	Jun17	Dec17	Jun18	Dec18	Jun19
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			15.92	22.24	24.22	25.21	26.86

Pembury Lifestyle Group (JSE:PEM) 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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Pembury Lifestyle Group (JSE:PEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Pembury Lifestyle Group Ltd (JSE:PEM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

111 9th Avenue, P.O. Box 73723, Fairlands, Randburg, Gauteng, Johannesburg, ZAF, 2030

Website

https://www.plgschools.co.za

Pembury Lifestyle Group Ltd is a South Africa based group that provides private education through its independent schools, with an intention to own the properties from which the schools operate and operating of retirement lodges. Its reportable segments are: PLG Properties - investment properties; Pembury Schools - developing and managing independent schools; and PLG Retirement Villages - developing and managing retirement villages. The main revenue is generated through the Pembury Schools segment that includes fees from the provision of accessible, affordable, private education and related services.

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