NASCON Allied Industries (NSA:NSLT) Long-Term Capital Lease Obligation : ₦0.00 Mil (As of . 20)

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What is NASCON Allied Industries Long-Term Capital Lease Obligation?

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

NASCON Allied Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for NASCON Allied Industries'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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NASCON Allied Industries Long-Term Capital Lease Obligation Chart

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NASCON Allied Industries Quarterly Data

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NASCON Allied Industries (NSA:NSLT) 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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NASCON Allied Industries (NSA:NSLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NASCON Allied Industries PLC (NSA:NSLT) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1, Alfred Rewane Road Falomo, Ikoyi, Lagos, NGA

Website

http://www.nasconplc.com

NASCON Allied Industries PLC is engaged in the processing of raw salt into edible salt as well as the importation of petti tomato paste. It produces edible salt for industrial use and sachet salt. The company's brand series include Dan-Q Seasoning, Dangote Tomato Paste, and Dangote Salt.

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