Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) Long-Term Capital Lease Obligation : ₺7 Mil (As of Sep. 2023)

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What is Menderes Tekstilnayi ve Ticaret AS Long-Term Capital Lease Obligation?

Menderes Tekstilnayi ve Ticaret AS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺7 Mil.

Menderes Tekstilnayi ve Ticaret AS's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (₺10 Mil) to Jun. 2023 (₺8 Mil) and declined from Jun. 2023 (₺8 Mil) to Sep. 2023 (₺7 Mil).

Menderes Tekstilnayi ve Ticaret AS's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₺22 Mil) to Dec. 2021 (₺17 Mil) and declined from Dec. 2021 (₺17 Mil) to Dec. 2022 (₺11 Mil).

Menderes Tekstilnayi ve Ticaret AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Menderes Tekstilnayi ve Ticaret 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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Menderes Tekstilnayi ve Ticaret AS Long-Term Capital Lease Obligation Chart

Menderes Tekstilnayi ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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4.49

4.12

21.83

16.63

11.39

Menderes Tekstilnayi ve Ticaret AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															12.78	11.39	9.94	8.44	6.88

Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) 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.

Menderes Tekstilnayi ve Ticaret AS Long-Term Capital Lease Obligation Related Terms

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Menderes Tekstilnayi ve Ticaret AS (IST:MNDRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Menderes Tekstil Sanayi ve Ticaret AS (IST:MNDRS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Üniversite Cad. No:84, Bornova, Izmir, TUR

Website

http://www.menderes.com

Menderes Tekstil Sanayi ve Ticaret AS is a textile company. It is engaged in the manufacturing of beddings, linens, pillow cases, sleep sets, tablecloths, 100% woven and knitted fabrics, polyester and cotton mix fabrics, draperies, collar linings, and fusible garment linings. The company's products are categorized into three which are Home textile products consisting of bedding sets to sleep sets, curtains, baby sets and printed fabrics, Upholstery fabrics, including slipcovers and Lining and interlining comprising of semi-finished products. The company operates under two brands which include La Notte and SNT.

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