MTN Nigeria Communications (NSA:MTNN) Long-Term Capital Lease Obligation : ₦1,025,525 Mil (As of Mar. 2024)

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What is MTN Nigeria Communications Long-Term Capital Lease Obligation?

MTN Nigeria Communications's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦1,025,525 Mil.

MTN Nigeria Communications's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₦666,637 Mil) to Dec. 2023 (₦813,634 Mil) and increased from Dec. 2023 (₦813,634 Mil) to Mar. 2024 (₦1,025,525 Mil).

MTN Nigeria Communications's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₦582,331 Mil) to Dec. 2022 (₦591,178 Mil) and increased from Dec. 2022 (₦591,178 Mil) to Dec. 2023 (₦813,634 Mil).

MTN Nigeria Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for MTN Nigeria Communications'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.

MTN Nigeria Communications Long-Term Capital Lease Obligation Chart

MTN Nigeria Communications Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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458,509.00

586,992.00

582,331.00

591,178.00

813,634.00

MTN Nigeria Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															703,818.00	692,339.00	666,637.00	813,634.00	1,025,525.00

MTN Nigeria Communications (NSA:MTNN) 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.

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MTN Nigeria Communications (NSA:MTNN) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » MTN Nigeria Communications PLC (NSA:MTNN) » Definitions » Long-Term Capital Lease Obligation

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Address

4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA

Website

https://www.mtnonline.com

MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, high-quality telecommunications services, and mobile financial services in Nigeria. The group operates in three reportable segments, namely, Consumer Business Unit (CBU) which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value and Mass segments, Enterprise Business Unit (EBU) consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU) serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.

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