Cates Elektrik Uretim AS (IST:CATES) Long-Term Capital Lease Obligation : ₺27 Mil (As of Sep. 2023)

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What is Cates Elektrik Uretim AS Long-Term Capital Lease Obligation?

Cates Elektrik Uretim AS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺27 Mil.

Cates Elektrik Uretim AS's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (₺17 Mil) to Jun. 2023 (₺18 Mil) and increased from Jun. 2023 (₺18 Mil) to Sep. 2023 (₺27 Mil).

Cates Elektrik Uretim AS's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₺8 Mil) to Dec. 2021 (₺14 Mil) and increased from Dec. 2021 (₺14 Mil) to Dec. 2022 (₺17 Mil).

Cates Elektrik Uretim AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cates Elektrik Uretim 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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Cates Elektrik Uretim AS Long-Term Capital Lease Obligation Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

8.21

13.81

16.62

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	16.62	18.17	26.97

Cates Elektrik Uretim AS (IST:CATES) 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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Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

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