Guinness Nigeria (NSA:GUIN) Long-Term Capital Lease Obligation : ₦160 Mil (As of Sep. 2023)

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What is Guinness Nigeria Long-Term Capital Lease Obligation?

Guinness Nigeria's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦160 Mil.

Guinness Nigeria's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (₦149 Mil) to Jun. 2023 (₦154 Mil) and increased from Jun. 2023 (₦154 Mil) to Sep. 2023 (₦160 Mil).

Guinness Nigeria's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (₦184 Mil) to Jun. 2022 (₦177 Mil) and declined from Jun. 2022 (₦177 Mil) to Jun. 2023 (₦154 Mil).

Guinness Nigeria Long-Term Capital Lease Obligation Historical Data

The historical data trend for Guinness Nigeria'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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Guinness Nigeria Long-Term Capital Lease Obligation Chart

Guinness Nigeria Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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653.86

184.31

177.14

154.27

Guinness Nigeria Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															183.14	188.73	149.02	154.27	159.71

Guinness Nigeria (NSA:GUIN) 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.

Guinness Nigeria Long-Term Capital Lease Obligation Related Terms

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Guinness Nigeria (NSA:GUIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Guinness Nigeria PLC (NSA:GUIN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Cocoa Industries Road, Ikeja, Lagos, Ikeja, Lagos, NGA, 21071

Website

https://www.guinness-nigeria.com

Guinness Nigeria PLC is a beverage manufacturing company. The company is engaged in brewing, packaging, marketing and selling of various beverage brand including Guinness Foreign Extra Stout, Guinness Extra Smooth, Malta Guinness, Malta Guinness Low Sugar, Harp Lager, Smirnoff Ice, Satazenbrau Lager, Snapp, Orijin Spirit Mixed Drink, Orijin Bitters, and many more. Geographically, it derives a majority of revenue from Nigeria.

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