PSG Financial Services Limited (JSE:KST) Long-Term Capital Lease Obligation : R127 Mil (As of Feb. 2024)

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What is PSG Financial Services Limited Long-Term Capital Lease Obligation?

PSG Financial Services Limited's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was R127 Mil.

PSG Financial Services Limited's quarterly Long-Term Capital Lease Obligation increased from Feb. 2023 (R166 Mil) to Aug. 2023 (R214 Mil) but then declined from Aug. 2023 (R214 Mil) to Feb. 2024 (R127 Mil).

PSG Financial Services Limited's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (R261 Mil) to Feb. 2023 (R166 Mil) and declined from Feb. 2023 (R166 Mil) to Feb. 2024 (R127 Mil).

PSG Financial Services Limited Long-Term Capital Lease Obligation Historical Data

The historical data trend for PSG Financial Services Limited'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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PSG Financial Services Limited Long-Term Capital Lease Obligation Chart

PSG Financial Services Limited Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

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258.51

224.75

260.95

165.65

126.98

PSG Financial Services Limited 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															260.95	245.66	165.65	214.15	126.98

PSG Financial Services Limited (JSE:KST) 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.

PSG Financial Services Limited Long-Term Capital Lease Obligation Related Terms

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PSG Financial Services Limited (JSE:KST) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PSG Financial Services Limited (JSE:KST) » Definitions » Long-Term Capital Lease Obligation

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KFS:Namibia

Address

3 Howick Close, 4th Floor, The Edge, Tyger Waterfront, Tyger Valley, Bellville, ZAF, 7530

Website

https://www.psg.co.za

PSG Financial Services Limited is an independent financial services group. Business is executed through three operating divisions: PSG Wealth, PSG Asset Management, and PSG Insure. PSG Wealth provides the group with nearly half of its income, with PSG Insure outweighing PSG Asset Management. Through the Wealth unit, PSG delivers a comprehensive suite of products to individuals, families, and businesses. Some of the PSG Wealth offerings include investment products, stockbroking, estate and trust services, and many other related products. Offerings under PSG Insure cover a range of short-term insurance solutions, for both personal and commercial needs. PSG rounds out its portfolio with the PSG Asset Management group which offers a range of local unit trusts and international funds.

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