African Sun (XZIM:ASUN.ZW) Long-Term Capital Lease Obligation : ZWL1,226 Mil (As of Dec. 2022)

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What is African Sun Long-Term Capital Lease Obligation?

African Sun's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was ZWL1,226 Mil.

African Sun's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 (ZWL271 Mil) to Jun. 2022 (ZWL1,141 Mil) and increased from Jun. 2022 (ZWL1,141 Mil) to Dec. 2022 (ZWL1,226 Mil).

African Sun's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (ZWL411 Mil) to Dec. 2021 (ZWL271 Mil) but then increased from Dec. 2021 (ZWL271 Mil) to Dec. 2022 (ZWL1,226 Mil).

African Sun Long-Term Capital Lease Obligation Historical Data

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

African Sun Annual Data

Trend

Sep09

Sep11

Sep12

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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157.41

410.78

271.42

1,226.35

African Sun Semi-Annual Data
	Sep09	Mar11	Sep11	Mar12	Sep12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									410.78	268.90	271.42	1,140.89	1,226.35

African Sun (XZIM:ASUN.ZW) 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.

African Sun Long-Term Capital Lease Obligation Related Terms

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African Sun (XZIM:ASUN.ZW) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » African Sun Ltd (XZIM:ASUN.ZW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

870 Endeavour Crescent off Norfolk Road, Bally House, P.O. Box CY 1211, Mount Pleasant Business Park, Causeway, Harare, ZWE

Website

https://www.africansunhotels.com

African Sun Ltd is a hotel investment company. It manages hotel operations in Zimbabwe. The company has five segments namely, Resort Hotels, City and Country Hotels, Victoria Falls Hotel Partnership, Sun Leisure and Real Estate and Others. It generates the majority of its revenue from the City and Country Hotels segment.

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