Alarko Holding AS (IST:ALARK) Long-Term Capital Lease Obligation : ₺56 Mil (As of Dec. 2023)

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What is Alarko Holding AS Long-Term Capital Lease Obligation?

Alarko Holding AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺56 Mil.

Alarko Holding AS's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₺31 Mil) to Sep. 2023 (₺32 Mil) and increased from Sep. 2023 (₺32 Mil) to Dec. 2023 (₺56 Mil).

Alarko Holding AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₺26 Mil) to Dec. 2022 (₺45 Mil) and increased from Dec. 2022 (₺45 Mil) to Dec. 2023 (₺56 Mil).

Alarko Holding AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alarko Holding AS'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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Alarko Holding AS Long-Term Capital Lease Obligation Chart

Alarko Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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51.43

21.34

26.00

44.97

55.74

Alarko Holding AS 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															44.97	25.45	30.58	32.42	55.74

Alarko Holding AS (IST:ALARK) 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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Alarko Holding AS (IST:ALARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Alarko Holding AS (IST:ALARK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Muallim Naci Caddesi No. 69, Ortakoy, Istanbul, TUR, 34347

Website

https://www.alarko.com.tr

Alarko Holding AS is a holding company consisting of companies that operate in contracting, construction, land development, industry, trade, tourism, and energy. The company's segments include holding, tourism, industry and merchandising, energy, contracting/land development. Its contracting group operates as a general contractor in Turkey and abroad and carries out airport and rail system projects, large scale infrastructure works, constructions of industrial plants, hospitals, and other such projects. The majority of the revenue is derived from the contracting and land development segment.

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