Tiger Brands (JSE:TBS) Long-Term Capital Lease Obligation : R0 Mil (As of Mar. 2024)

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What is Tiger Brands Long-Term Capital Lease Obligation?

Tiger Brands's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R0 Mil.

Tiger Brands's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (R0 Mil) to Sep. 2023 (R1,211 Mil) but then declined from Sep. 2023 (R1,211 Mil) to Mar. 2024 (R0 Mil).

Tiger Brands's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (R399 Mil) to Sep. 2022 (R327 Mil) but then increased from Sep. 2022 (R327 Mil) to Sep. 2023 (R1,211 Mil).

Tiger Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tiger Brands'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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Tiger Brands Long-Term Capital Lease Obligation Chart

Tiger Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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197.20

399.00

326.50

1,211.00

Tiger Brands Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	326.50	-	1,211.00	-

Tiger Brands (JSE:TBS) 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.

Tiger Brands Long-Term Capital Lease Obligation Related Terms

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Tiger Brands (JSE:TBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tiger Brands Ltd (JSE:TBS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TBLMY:USA TBLMF:USA UG5A:Germany

Address

3010 William Nicol Drive, P.O. Box 78056, Bryanston, Sandton, Johannesburg, GT, ZAF, 2146

Website

https://www.tigerbrands.com

Tiger Brands Ltd is an African manufacturer of branded food, home-care, and personal-care products. Present in 22 African countries, the company also has global distribution in the rest of the world: Germany, the United Kingdom, Sweden, Ireland, Canada, Sweden, the Philippines, Singapore, and Taiwan, among others. The product offering includes perishables, personal-care products, home-care products, snacks, baby care, beverages, grains, groceries, and out-of-home meals. The company reports under the following segments: grains, consumer brands, Home, Personal Care and Baby (HPCB), and export and international. The Grains segment is the largest segment. Some of the best-known brands are Oros, Hall's, Rose's, Ace, Albany, Purity, Ice Cap, Hugo's, and All Good.

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