Geregu Power (NSA:GEREGU) Long-Term Capital Lease Obligation : ₦0.00 Mil (As of . 20)

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What is Geregu Power Long-Term Capital Lease Obligation?

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

Geregu Power Long-Term Capital Lease Obligation Historical Data

The historical data trend for Geregu Power'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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Geregu Power Long-Term Capital Lease Obligation Chart

Geregu Power Annual Data

Trend

Long-Term Capital Lease Obligation

Geregu Power Semi-Annual Data

Long-Term Capital Lease Obligation

Geregu Power (NSA:GEREGU) 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.

Geregu Power Long-Term Capital Lease Obligation Related Terms

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Geregu Power (NSA:GEREGU) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Geregu Power PLC (NSA:GEREGU) » Definitions » Long-Term Capital Lease Obligation

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Address

13, Walter Carrington Crescent, Victoria Island, Lagos, NGA

Website

https://www.geregupowerplc.com

Geregu Power PLC is engaged in the business of electric power generation and sale of electric power through the National Grid of the Transmission Company of Nigeria (TCN) to the Nigerian Bulk Electricity Trading Plc (NBET).

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