Car & General (K) (NAI:CGEN) Long-Term Capital Lease Obligation : KES516 Mil (As of Sep. 2022)

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What is Car & General (K) Long-Term Capital Lease Obligation?

Car & General (K)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was KES516 Mil.

Car & General (K)'s quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 (KES461 Mil) to Sep. 2021 (KES411 Mil) but then increased from Sep. 2021 (KES411 Mil) to Sep. 2022 (KES516 Mil).

Car & General (K)'s annual Long-Term Capital Lease Obligation declined from Sep. 2020 (KES478 Mil) to Sep. 2021 (KES411 Mil) but then increased from Sep. 2021 (KES411 Mil) to Sep. 2022 (KES516 Mil).

Car & General (K) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Car & General (K)'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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Car & General (K) Long-Term Capital Lease Obligation Chart

Car & General (K) Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Long-Term Capital Lease Obligation

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478.32

410.92

515.79

Car & General (K) Semi-Annual Data
	Sep08	Sep09	Sep10	Mar11	Sep11	Mar12	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															357.53	478.32	461.14	410.92	515.79

Car & General (K) (NAI:CGEN) 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.

Car & General (K) Long-Term Capital Lease Obligation Related Terms

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Car & General (K) (NAI:CGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Car & General (K) Ltd (NAI:CGEN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Cargen House, Lusaka Road, P.O. Box 20001, Nairobi, KEN, 00200

Website

https://www.cargen.com

Car & General (K) Ltd is a supplier of generators, motorbikes, tuk-tuks, laundry equipment, lawnmowers, scooters, marine engines, construction equipment and power generation, automotive and engineering products. The company's reportable segment includes Trade and workshop, Investment properties, Poultry and ICT Training, and Manufacturing. It generates a variety of its revenue from Trade and workshop Segments. Geographically, it derives a majority of its revenue from Kenya.