Access Engineering (COL:AEL.N0000) Long-Term Capital Lease Obligation : රු204 Mil (As of Dec. 2023)

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What is Access Engineering Long-Term Capital Lease Obligation?

Access Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු204 Mil.

Access Engineering's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (රු153 Mil) to Sep. 2023 (රු153 Mil) and increased from Sep. 2023 (රු153 Mil) to Dec. 2023 (රු204 Mil).

Access Engineering's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (රු116 Mil) to Mar. 2022 (රු127 Mil) and increased from Mar. 2022 (රු127 Mil) to Mar. 2023 (රු222 Mil).

Access Engineering Long-Term Capital Lease Obligation Historical Data

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

Access Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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137.35

115.73

127.34

222.22

Access Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															24.27	222.22	153.15	153.30	204.27

Access Engineering (COL:AEL.N0000) 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.

Access Engineering Long-Term Capital Lease Obligation Related Terms

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Access Engineering (COL:AEL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Access Engineering PLC (COL:AEL.N0000) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 278, Union Place, Access Towers, Colombo, LKA, 02

Website

https://www.accessengsl.com

Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.

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