Ecocash Holdings Zimbabwe (XZIM:EHZL.ZW) Long-Term Capital Lease Obligation : ZWG0.00 Mil (As of . 20)

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What is Ecocash Holdings Zimbabwe Long-Term Capital Lease Obligation?

Ecocash Holdings Zimbabwe's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ZWG0.00 Mil.

Ecocash Holdings Zimbabwe Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ecocash Holdings 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.

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Ecocash Holdings Zimbabwe Long-Term Capital Lease Obligation Chart

Ecocash Holdings Zimbabwe Annual Data

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Long-Term Capital Lease Obligation

Ecocash Holdings Zimbabwe Semi-Annual Data

Long-Term Capital Lease Obligation

Ecocash Holdings Zimbabwe (XZIM:EHZL.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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Ecocash Holdings Zimbabwe Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ecocash Holdings Zimbabwe Ltd (XZIM:EHZL.ZW) » Definitions » Long-Term Capital Lease Obligation

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Address

1906 Liberation Legacy Way, Borrowdale, Harare, ZWE

Website

https://www.ecocashholdings.co.zw

Ecocash Holdings Zimbabwe Ltd is a diversified SmarTech company based in Zimbabwe. It is engaged in providing digital solutions to businesses and consumers in Zimbabwe. Some of the products and service offerings of the company include Mobile Financial Services (EcoCash), Digital Banking Services (Steward Bank), International Remittances (EcoCash / Steward banking), Mobile micro-insurance (EcoSure), Mobile e-Commerce (Ownai), and Others.

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