MCOIF (MultiChoice Group) Long-Term Capital Lease Obligation : $428 Mil (As of Sep. 2024)

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What is MultiChoice Group Long-Term Capital Lease Obligation?

MultiChoice Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $428 Mil.

MultiChoice Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($542 Mil) to Mar. 2024 ($483 Mil) and declined from Mar. 2024 ($483 Mil) to Sep. 2024 ($428 Mil).

MultiChoice Group's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($712 Mil) to Mar. 2023 ($589 Mil) and declined from Mar. 2023 ($589 Mil) to Mar. 2024 ($483 Mil).

MultiChoice Group Long-Term Capital Lease Obligation Historical Data

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

MultiChoice Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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1,013.07

830.73

712.31

588.57

482.87

MultiChoice Group Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									685.92	588.57	541.50	482.87	428.02

MultiChoice Group (OTCPK:MCOIF) 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.

MultiChoice Group Long-Term Capital Lease Obligation Related Terms

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MultiChoice Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MultiChoice Group Ltd (OTCPK:MCOIF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MCG:South Africa MCHOY:USA 30R:Germany

Address

144 Bram Fischer Drive, MultiChoice City, Randburg, Johannesburg, GT, ZAF, 2194

Website

https://www.multichoice.com

MultiChoice Group Ltd is an entertainment company providing video entertainment and related consumer services includes sports betting, fintech, insurance and internet to the African Markets. It provides its content through linear video broadcast service (DTH and DTT) and streaming (OTT) platforms. The entertainment platforms of the company include DStv, GOtv, Showmax, M-Net and SuperSport. Its geographical segment includes South Africa; the Rest of Africa as well as the Technology and Showmax (OTT) segments. The company derives a majority of its revenue from South Africa.