Bamburi Cement (NAI:BAMB) Long-Term Capital Lease Obligation : KES742 Mil (As of Dec. 2022)

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What is Bamburi Cement Long-Term Capital Lease Obligation?

Bamburi Cement's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was KES742 Mil.

Bamburi Cement's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (KES454 Mil) to Jun. 2022 (KES0 Mil) but then increased from Jun. 2022 (KES0 Mil) to Dec. 2022 (KES742 Mil).

Bamburi Cement's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (KES421 Mil) to Dec. 2021 (KES454 Mil) and increased from Dec. 2021 (KES454 Mil) to Dec. 2022 (KES742 Mil).

Bamburi Cement Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bamburi Cement'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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Bamburi Cement Long-Term Capital Lease Obligation Chart

Bamburi Cement Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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448.00

421.00

454.00

742.00

Bamburi Cement Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															421.00	-	454.00	-	742.00

Bamburi Cement (NAI:BAMB) 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.

Bamburi Cement Long-Term Capital Lease Obligation Related Terms

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Bamburi Cement (NAI:BAMB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Bamburi Cement Ltd (NAI:BAMB) » Definitions » Long-Term Capital Lease Obligation

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Address

Kitui Road, Off Kampala Road, P.O. Box 10921, Industrial Area, Nairobi, KEN, 00100

Website

https://www.lafarge.co.ke

Bamburi Cement Ltd is engaged in the manufacture and sale of cement and cement-related products. The company is organized into two main geographical segments: Kenya and Uganda. Both geographical features are involved in the manufacture and sale of cement and also include the manufacture and sale of ready-mix concrete, precast products, and rehabilitation of quarries that are used as a source of raw materials for cement production. Its products include Nguvu, PowerMax, PowerPlus, Powercrete, Tembo, Fundi, Duracem, Powerwhite, Paving Blocks, Drainage, Edge Restraints, and others. Bamburi also owns and manages a nature and environmental park created from rehabilitated quarries. Geographically company generates a majority of its revenue from Kenya.

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