Altron (JSE:AEL) Long-Term Capital Lease Obligation : R925 Mil (As of Feb. 2024)

View and export this data going back to 1958. Start your Free Trial

What is Altron Long-Term Capital Lease Obligation?

Altron's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R925 Mil.

Altron's quarterly Long-Term Capital Lease Obligation declined from Feb. 2023 (R969 Mil) to Aug. 2023 (R754 Mil) but then increased from Aug. 2023 (R754 Mil) to Feb. 2024 (R925 Mil).

Altron's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (R1,104 Mil) to Feb. 2023 (R969 Mil) and declined from Feb. 2023 (R969 Mil) to Feb. 2024 (R925 Mil).

Altron Long-Term Capital Lease Obligation Historical Data

The historical data trend for Altron'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.

Altron Long-Term Capital Lease Obligation Chart

Altron Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

632.00

971.00

1,104.00

969.00

925.00

Altron Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,104.00	842.00	969.00	754.00	925.00

Altron (JSE:AEL) 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.

Altron Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Altron's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Altron (JSE:AEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altron Ltd (JSE:AEL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RY7A:Germany

Address

20 Woodlands Drive, Altron Campus, Woodlands Office Park, Woodmead, GT, ZAF, 2191

Website

https://www.altron.com

Altron Ltd provides integrated ICT solutions to businesses, governments, and consumers. Its segments are Digital Transformation, Managed Services, and Own Platforms. It has a direct presence in South Africa, the rest of Africa, Europe, the Middle East, and Australia. Most of the group's revenue is derived from the local market in South Africa.