Axia (XZIM:AXIA.ZW) Long-Term Capital Lease Obligation : ZWL0.00 Mil (As of . 20)

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What is Axia Long-Term Capital Lease Obligation?

Axia's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ZWL0.00 Mil.

Axia Long-Term Capital Lease Obligation Historical Data

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

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Axia (XZIM:AXIA.ZW) 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.

Axia Long-Term Capital Lease Obligation Related Terms

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Axia (XZIM:AXIA.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Axia Corp Ltd (XZIM:AXIA.ZW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Corner 1st Street & Nelson Mandela Avenue, Andrew Lorimer, Edward Building, Harare, ZWE

Website

http://www.innscorafrica.com

Axia Corp Ltd operates within the retail and distribution sector with businesses across retail of household goods and appliances, retail of automotive goods and distribution of fast moving consumer goods. It has three operating business units, namely TV Sales and Home (TVSH) which is leading furniture and electronic appliance retailer, Transerv retails automotive spares and Distribution Group Africa (DGA) is a distribution and logistics concern, with operation in Zimbabwe, Zambia, and Malawi. The company generates the majority of its revenue from Zimbabwe operation through the sale of goods in Logistic and Distribution segment.

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