Express Kenya (NAI:XPRS) Long-Term Capital Lease Obligation : KES5.37 Mil (As of Dec. 2021)

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What is Express Kenya Long-Term Capital Lease Obligation?

Express Kenya's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was KES5.37 Mil.

Express Kenya's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 (KES13.78 Mil) to Dec. 2020 (KES9.83 Mil) and declined from Dec. 2020 (KES9.83 Mil) to Dec. 2021 (KES5.37 Mil).

Express Kenya's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (KES13.78 Mil) to Dec. 2020 (KES9.83 Mil) and declined from Dec. 2020 (KES9.83 Mil) to Dec. 2021 (KES5.37 Mil).

Express Kenya Long-Term Capital Lease Obligation Historical Data

The historical data trend for Express 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.

* Premium members only.

Express Kenya Long-Term Capital Lease Obligation Chart

Express Kenya Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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13.78

9.83

5.37

Express Kenya Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						-	-	13.78	9.83	5.37

Express Kenya (NAI:XPRS) 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.

Express Kenya Long-Term Capital Lease Obligation Related Terms

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Express Kenya (NAI:XPRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Express Kenya PLC (NAI:XPRS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Road A, Off Enterprise Road, Industrial Area, P.O. Box 40433, Express House, Nairobi, KEN, 00100

Website

http://www.expresskenya.co.ke

Express Kenya PLC engages in the provision of clearing and forwarding services for both air and sea, as well as logistics services. It operates through the following segments: Clearing and Forwarding, Warehousing, and Real Estate. The Clearing and Forwarding segment includes the distribution of products to various parts of the country. The Warehousing segment which accounts for the majority of revenue comprises the storage of customers' goods in the warehousing facility. The Real Estate segment consists of the development of properties.

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