World Acceptance (World Acceptance) Long-Term Capital Lease Obligation : $82.5 Mil (As of Dec. 2023)

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What is World Acceptance Long-Term Capital Lease Obligation?

World Acceptance's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $82.5 Mil.

World Acceptance's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($82.0 Mil) to Sep. 2023 ($82.9 Mil) but then declined from Sep. 2023 ($82.9 Mil) to Dec. 2023 ($82.5 Mil).

World Acceptance's annual Long-Term Capital Lease Obligation declined from Mar. 2021 ($91.7 Mil) to Mar. 2022 ($87.5 Mil) and declined from Mar. 2022 ($87.5 Mil) to Mar. 2023 ($83.7 Mil).

World Acceptance Long-Term Capital Lease Obligation Historical Data

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

World Acceptance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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102.76

91.72

87.48

83.74

World Acceptance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															86.01	83.74	81.99	82.95	82.47

World Acceptance (NAS:WRLD) 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.

World Acceptance Long-Term Capital Lease Obligation Related Terms

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World Acceptance (World Acceptance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (NAS:WRLD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

104 South Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.

Executives

Calmes John L Jr	officer: VP, CFO and Treasurer	C/O WORLD ACCEPTANCE CORPORATION, 108 FREDERICK STREET, GREENVILLE SC 29607
Jason E. Childers	officer: SVP, IT Strategic Solutions	108 FREDERICK STREET, GREENVILLE SC 29607
Scott Mcintyre	officer: SVP, Accounting	108 FREDERICK STREET, GREENVILLE SC 29607
Clifford Sosin	10 percent owner	8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880
Thomas W Smith	10 percent owner, other: Member of Section 13(d) Group	2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Luke J. Umstetter	officer: SVP, General Counsel	104 SOUTH MAIN STREET, SUITE 400, GREENVILLE SC 29601
Darrell E Whitaker	director	14 BATSON ORCHARD CT., TAYLORS SC 29687
R Chad Prashad	officer: See remarks	108 FREDERICK STREET, GREENVILLE SC 29607
Alice Lindsay Caulder	officer: SVP, Human Resources	108 FREDERICK STREET, GREENVILLE SC 29607
Daniel Clinton Dyer	officer: SVP, CENTRAL DIVISION	230 4TH AVENUE NORTH SUITE 500, NASHVILLE TN 37219
Charles D Way	director
Elizabeth R. Neuhoff	director	146 SOTA DRIVE, JUPITER FL 33458
Robinson Benjamin E Iii	director	325 CORPORATE DRIVE, PORTSMOUTH NH 03885
Bramlett Ken R Jr	director	2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Alison N Labruyere	officer: SVP and General Counsel	108 FREDERICK STREET, GREENVILLE SC 29607