Reunert (Reunert) Long-Term Capital Lease Obligation : $10.5 Mil (As of Sep. 2023)

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What is Reunert Long-Term Capital Lease Obligation?

Reunert's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $10.5 Mil.

Reunert's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($4.4 Mil) to Mar. 2023 ($8.9 Mil) and increased from Mar. 2023 ($8.9 Mil) to Sep. 2023 ($10.5 Mil).

Reunert's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($6.9 Mil) to Sep. 2022 ($4.4 Mil) but then increased from Sep. 2022 ($4.4 Mil) to Sep. 2023 ($10.5 Mil).

Reunert Long-Term Capital Lease Obligation Historical Data

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

Reunert Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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1.01

9.68

6.85

4.38

10.55

Reunert Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.85	6.69	4.38	8.87	10.55

Reunert (OTCPK:RNRTF) 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.

Reunert Long-Term Capital Lease Obligation Related Terms

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Reunert (Reunert) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reunert Ltd (OTCPK:RNRTF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RLO:South Africa REU1:Germany

Address

54 Maxwell Drive, Nashua Building, Woodmead North Office Park, Woodmead, Sandton, Johannesburg, GT, ZAF, 2191

Website

https://www.reunert.co.za

Reunert Ltd is an IT contracting company. It derives revenue through three main segments: Electrical Engineering, Information Communication Technologies (ICT), and Applied Electronics. The Electrical Engineering division designs and manufactures electrical energy cables, supplies low and medium-voltage electrical distribution, protection, and control equipment, and designs, manufactures and supplies copper and fiber optic cables, and derives the majority of revenue. The ICT division provides managed services to enterprises, such as managed office products, voice, data, and hosted services as well as unified communications and asset-based finance solutions. Applied Electronics comprises Reutech, which derives revenue from the design and manufacturing of defense products.