ABC Transport (NSA:ABCTRANS) Long-Term Capital Lease Obligation : ₦0.00 Mil (As of . 20)

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What is ABC Transport Long-Term Capital Lease Obligation?

ABC Transport's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₦0.00 Mil.

ABC Transport Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABC Transport'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.
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ABC Transport Long-Term Capital Lease Obligation Chart

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Long-Term Capital Lease Obligation

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Long-Term Capital Lease Obligation

ABC Transport (NSA:ABCTRANS) 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.

ABC Transport Long-Term Capital Lease Obligation Related Terms

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ABC Transport (NSA:ABCTRANS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ABC Transport PLC (NSA:ABCTRANS) » Definitions » Long-Term Capital Lease Obligation

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Address

Km 5 MCC Uratta Road, Owerri, Imo State, NGA, 1111

Website

https://www.abctransport.com

ABC Transport PLC is engaged in road passenger transportation. The company's services include Cargo Express and City Transit Inn. It operates in various cities like Lagos, Aba, Owerri, Port-Harcourt, Abuja, Enugu, Onitsha, Umuahia, Jos, Mbaise, Bolade, and Accra.

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