Safaricom (NAI:SCOM) Long-Term Capital Lease Obligation : KES48,474 Mil (As of Mar. 2024)

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What is Safaricom Long-Term Capital Lease Obligation?

Safaricom's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was KES48,474 Mil.

Safaricom's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (KES29,984 Mil) to Sep. 2023 (KES42,668 Mil) and increased from Sep. 2023 (KES42,668 Mil) to Mar. 2024 (KES48,474 Mil).

Safaricom's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (KES14,585 Mil) to Mar. 2023 (KES29,984 Mil) and increased from Mar. 2023 (KES29,984 Mil) to Mar. 2024 (KES48,474 Mil).

Safaricom Long-Term Capital Lease Obligation Historical Data

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

Safaricom Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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11,675.30

11,954.20

14,584.90

29,984.00

48,474.30

Safaricom 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															14,584.90	-	29,984.00	42,667.60	48,474.30

Safaricom (NAI:SCOM) 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.

Safaricom Long-Term Capital Lease Obligation Related Terms

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Safaricom (NAI:SCOM) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Safaricom PLC (NAI:SCOM) » Definitions » Long-Term Capital Lease Obligation

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Address

Safaricom House, Waiyaki Way, P.O. Box 66827, Westlands, Nairobi, KEN, 00800

Website

https://www.safaricom.co.ke

Safaricom PLC is a Kenya-based telecommunications company. The principal activities of the company are the provision of telecommunication services, providing a comprehensive range of integrated telecommunication services including voice and data both mobile and fixed, SMS, the internet, and m-pesa. The company also offers a wide range of devices such as Mobile handsets, mobile broadband modems, routers, tablets, and notebooks. The majority of its revenue comes from service revenues: Voice, m-pesa, mobile data, messaging, fixed data and other service revenue. The company serves both individual and corporate/enterprise customers.