BOC Kenya (NAI:BOC) Long-Term Capital Lease Obligation : KES8 Mil (As of Dec. 2023)

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What is BOC Kenya Long-Term Capital Lease Obligation?

BOC Kenya's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was KES8 Mil.

BOC Kenya's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (KES8 Mil) to Dec. 2022 (KES8 Mil) and declined from Dec. 2022 (KES8 Mil) to Dec. 2023 (KES8 Mil).

BOC Kenya's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (KES8 Mil) to Dec. 2022 (KES8 Mil) and declined from Dec. 2022 (KES8 Mil) to Dec. 2023 (KES8 Mil).

BOC Kenya Long-Term Capital Lease Obligation Historical Data

The historical data trend for BOC Kenya'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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BOC Kenya Long-Term Capital Lease Obligation Chart

BOC Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.56

7.77

7.73

7.68

7.62

BOC Kenya Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							6.56	7.77	7.73	7.68	7.62

BOC Kenya (NAI:BOC) 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.

BOC Kenya Long-Term Capital Lease Obligation Related Terms

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BOC Kenya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » BOC Kenya PLC (NAI:BOC) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Kitui Road, Off Kampala Road, P.O. Box 18010, Industrial Area, Nairobi, KEN, 00500

Website

http://www.boc.co.ke

BOC Kenya PLC is engaged in the manufacture and sale of industrial gases, medical gases, and welding products. The company's segment based on regions consists of Kenya, Tanzania, and Uganda. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, and special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates majority of its revenue from the sale of medical and industrial gases.