Afrocentric Investment (JSE:ACT) Long-Term Capital Lease Obligation : R151 Mil (As of Dec. 2023)

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What is Afrocentric Investment Long-Term Capital Lease Obligation?

Afrocentric Investment's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R151 Mil.

Afrocentric Investment's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (R108 Mil) to Jun. 2023 (R177 Mil) but then declined from Jun. 2023 (R177 Mil) to Dec. 2023 (R151 Mil).

Afrocentric Investment's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (R156 Mil) to Jun. 2022 (R128 Mil) but then increased from Jun. 2022 (R128 Mil) to Jun. 2023 (R177 Mil).

Afrocentric Investment Long-Term Capital Lease Obligation Historical Data

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

Afrocentric Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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261.10

181.43

156.35

127.79

176.68

Afrocentric Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															140.53	127.79	107.97	176.68	150.80

Afrocentric Investment (JSE:ACT) 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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Afrocentric Investment (JSE:ACT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

http://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.