Mega African Capital (XGHA:MAC) Long-Term Capital Lease Obligation : GHS0.00 Mil (As of Dec. 2022)

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What is Mega African Capital Long-Term Capital Lease Obligation?

Mega African Capital's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was GHS0.00 Mil.

Mega African Capital Long-Term Capital Lease Obligation Historical Data

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

Mega African Capital Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

Mega African Capital Semi-Annual Data
	Dec20	Dec21	Dec22
Long-Term Capital Lease Obligation	-	-	-

Mega African Capital (XGHA:MAC) 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.

Mega African Capital Long-Term Capital Lease Obligation Related Terms

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Mega African Capital (XGHA:MAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mega African Capital Ltd (XGHA:MAC) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Sunyani Avenue, The Alberts, 2nd Floor, No. 23 Kanda Estates, Kanda, Accra, GHA

Website

http://www.megafricancapital.com

Mega African Capital Ltd is an investment company. The company's objective is to seek exposure to the potential to generate high real returns. The company invests across three business lines namely, equity unlisted equity and real estate projects. The Company is authorized to undertake the Development, Purchase, Sales and Rental of Real Estates; Investment In Equities; Fixed Income Investments; and Any other Financial Services.