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Sea Harvest Group (JSE:SHG) Long-Term Capital Lease Obligation : R202 Mil (As of Dec. 2023)


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What is Sea Harvest Group Long-Term Capital Lease Obligation?

Sea Harvest Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R202 Mil.

Sea Harvest Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R201 Mil) to Jun. 2023 (R223 Mil) but then declined from Jun. 2023 (R223 Mil) to Dec. 2023 (R202 Mil).

Sea Harvest Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R125 Mil) to Dec. 2022 (R201 Mil) and increased from Dec. 2022 (R201 Mil) to Dec. 2023 (R202 Mil).

Sea Harvest Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sea Harvest 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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Sea Harvest Group Long-Term Capital Lease Obligation Chart

Sea Harvest Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.23 144.26 125.22 200.68 201.93

Sea Harvest Group Semi-Annual Data
Dec14 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 125.22 173.02 200.68 223.06 201.93

Sea Harvest Group  (JSE:SHG) 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.

Sea Harvest Group Long-Term Capital Lease Obligation Related Terms

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Sea Harvest Group (JSE:SHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sea Harvest Group Ltd (JSE:SHG) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Searle Street, 1st Floor, Block C, The Boulevard Office Park, Woodstock, Cape Town, ZAF, 7925
Website
https://www.seaharvest.co.za
Sea Harvest Group Ltd is engaged in the fishing of Cape Hake and Shark Bay Prawns along with Horse Mackerel, Pilchards, Anchovies, and a variety of farmed species, processing of the catch into frozen and chilled seafood, and the marketing of these products, locally and internationally. It operates in four segments: South African Fishing, Australian operation, Aquaculture, and Cape Harvest Foods segments." The majority of its revenue comes from the South African Fishing segment.