ABC Motors Co (XMAU:ABC) Long-Term Capital Lease Obligation : MUR0 Mil (As of Mar. 2024)

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What is ABC Motors Co Long-Term Capital Lease Obligation?

ABC Motors Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR0 Mil.

ABC Motors Co's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (MUR58 Mil) to Jun. 2022 (MUR60 Mil) and increased from Jun. 2022 (MUR60 Mil) to Jun. 2023 (MUR71 Mil).

ABC Motors Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABC Motors Co'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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ABC Motors Co Long-Term Capital Lease Obligation Chart

ABC Motors Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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4.61

79.61

58.14

59.55

70.57

ABC Motors Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	70.57	-	-	-

ABC Motors Co (XMAU:ABC) 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.

ABC Motors Co Long-Term Capital Lease Obligation Related Terms

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ABC Motors Co (XMAU:ABC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Motors Co Ltd (XMAU:ABC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Military Road, ABC Centre, Port Louis, MUS

Website

https://www.abcmotors.mu

ABC Motors Co Ltd is the distributor of automotive vehicles. The principal activities of the Company comprise of the sales and service of vehicles, trucks, buses, forklifts and accessories of Nissan Motors Co. Ltd and UD Trucks Corporation.

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