Flour Mills Nigeria (NSA:FMNL) Long-Term Capital Lease Obligation : ₦15,723 Mil (As of Mar. 2023)

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What is Flour Mills Nigeria Long-Term Capital Lease Obligation?

Flour Mills Nigeria's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₦15,723 Mil.

Flour Mills Nigeria's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 (₦14,789 Mil) to Mar. 2022 (₦17,654 Mil) but then declined from Mar. 2022 (₦17,654 Mil) to Mar. 2023 (₦15,723 Mil).

Flour Mills Nigeria's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (₦14,789 Mil) to Mar. 2022 (₦17,654 Mil) but then declined from Mar. 2022 (₦17,654 Mil) to Mar. 2023 (₦15,723 Mil).

Flour Mills Nigeria Long-Term Capital Lease Obligation Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria Long-Term Capital Lease Obligation Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

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Mar20

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Mar22

Mar23

Long-Term Capital Lease Obligation

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10,702.73

14,789.03

17,654.28

15,722.58

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	10,702.73	14,789.03	17,654.28	15,722.58

Flour Mills Nigeria (NSA:FMNL) 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.

Flour Mills Nigeria Long-Term Capital Lease Obligation Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Long-Term Capital Lease Obligation

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Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

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