Presco (NSA:PRESCO) Long-Term Capital Lease Obligation : ₦1,012 Mil (As of Sep. 2024)

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What is Presco Long-Term Capital Lease Obligation?

Presco's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₦1,012 Mil.

Presco's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2024 (₦1,012 Mil) to Jun. 2024 (₦1,012 Mil) and stayed the same from Jun. 2024 (₦1,012 Mil) to Sep. 2024 (₦1,012 Mil).

Presco's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₦2,512 Mil) to Dec. 2022 (₦2,488 Mil) but then increased from Dec. 2022 (₦2,488 Mil) to Dec. 2023 (₦2,584 Mil).

Presco Long-Term Capital Lease Obligation Historical Data

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

Presco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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186.53

2,511.78

2,488.22

2,583.81

Presco Quarterly Data
	Dec17	Dec18	Mar19	Dec19	Mar20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															788.56	2,583.81	1,012.48	1,012.48	1,012.48

Presco (NSA:PRESCO) 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.

Presco Long-Term Capital Lease Obligation Related Terms

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Presco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Presco PLC (NSA:PRESCO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Km 22 Benin / Sapele Road, Ikpoba-Okha Local Government Area, Obaretin Estate, Benin City, Edo State, NGA

Website

http://www.presco-plc.com

Presco PLC is engaged in the cultivation of oil palms and the extraction, refining and fractioning of crude palm oil into vegetable oil and palm stearin. It produces specialty fats and oils. The company's products include Special Palm Oil, Refined, Bleached and Deodorised Palm Oil, palm olein, palm stearin, palm fatty acid distillate, palm kernel oil (crude and refined), and palm kernel cake. It generates revenue from the sales of crude and refined products , Sales of Fresh Fruit Bunches, and Mill by-products. Geographically the group has a business presence in Nigeria and Germany, of which key revenue is derived from operations within Nigeria.

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