Econet Wireless Zimbabwe (XZIM:ECO.ZW) Long-Term Capital Lease Obligation : ZWL115,979 Mil (As of Aug. 2023)

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What is Econet Wireless Zimbabwe Long-Term Capital Lease Obligation?

Econet Wireless Zimbabwe's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was ZWL115,979 Mil.

Econet Wireless Zimbabwe's quarterly Long-Term Capital Lease Obligation increased from Aug. 2022 (ZWL6,325 Mil) to Feb. 2023 (ZWL22,569 Mil) and increased from Feb. 2023 (ZWL22,569 Mil) to Aug. 2023 (ZWL115,979 Mil).

Econet Wireless Zimbabwe's annual Long-Term Capital Lease Obligation increased from Feb. 2021 (ZWL1,086 Mil) to Feb. 2022 (ZWL6,780 Mil) and increased from Feb. 2022 (ZWL6,780 Mil) to Feb. 2023 (ZWL22,569 Mil).

Econet Wireless Zimbabwe Long-Term Capital Lease Obligation Historical Data

The historical data trend for Econet Wireless Zimbabwe'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.

* Premium members only.

Econet Wireless Zimbabwe Long-Term Capital Lease Obligation Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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1,260.51

1,085.79

6,779.81

22,568.94

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										1,167.96	6,779.81	6,325.49	22,568.94	115,979.00

Econet Wireless Zimbabwe (XZIM:ECO.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.

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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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