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John Keells Hotels (COL:KHL.N0000) Long-Term Capital Lease Obligation : රු16,246 Mil (As of Mar. 2024)


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What is John Keells Hotels Long-Term Capital Lease Obligation?

John Keells Hotels's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු16,246 Mil.

John Keells Hotels's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (රු17,887 Mil) to Dec. 2023 (රු17,683 Mil) and declined from Dec. 2023 (රු17,683 Mil) to Mar. 2024 (රු16,246 Mil).

John Keells Hotels's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (රු19,660 Mil) to Mar. 2023 (රු21,126 Mil) but then declined from Mar. 2023 (රු21,126 Mil) to Mar. 2024 (රු16,246 Mil).


John Keells Hotels Long-Term Capital Lease Obligation Historical Data

The historical data trend for John Keells Hotels'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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John Keells Hotels Long-Term Capital Lease Obligation Chart

John Keells Hotels Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,318.48 14,983.92 19,659.97 21,125.64 16,245.98

John Keells Hotels 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21,125.64 19,615.71 17,886.79 17,682.66 16,245.98

John Keells Hotels  (COL:KHL.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.

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John Keells Hotels (COL:KHL.N0000) Business Description

Traded in Other Exchanges
N/A
Address
117, Sir Chittampalam A. Gardiner Mawatha, Colombo, LKA, 02
John Keells Hotels PLC is a Sri Lanka-based company that is engaged in the business of hotelier. It also engaged in investment activities. The company's geographical segment consists of Sri Lanka and the Maldives.

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