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Mahaweli Coconut Plantations (COL:MCPL.N0000) Long-Term Capital Lease Obligation : රු0.00 Mil (As of . 20)


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What is Mahaweli Coconut Plantations Long-Term Capital Lease Obligation?

Mahaweli Coconut Plantations's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was රු0.00 Mil.


Mahaweli Coconut Plantations Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mahaweli Coconut Plantations'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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Mahaweli Coconut Plantations Long-Term Capital Lease Obligation Chart

Mahaweli Coconut Plantations Annual Data
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Long-Term Capital Lease Obligation

Mahaweli Coconut Plantations Semi-Annual Data
Long-Term Capital Lease Obligation

Mahaweli Coconut Plantations  (COL:MCPL.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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Mahaweli Coconut Plantations (COL:MCPL.N0000) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No 1/82, Kimbulapitiya Road, Bolawalana, Negombo, LKA
Website
Mahaweli Coconut Plantations PLC is engaged in the coconut plantation business. The coconuts are being sold to Sri Lankan companies for the manufacture of Desiccated Coconuts, Coconut Cream, Coconut Milk, and Coconut Water solely for export purposes. The Company is involved in the Cultivation of Coconuts & the manufacturing of Copra and the sale of Coconuts and copra.

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