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PT Adhi Kartiko Pratama Tbk (ISX:NICE) Long-Term Capital Lease Obligation : Rp6,572 Mil (As of Jun. 2023)


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What is PT Adhi Kartiko Pratama Tbk Long-Term Capital Lease Obligation?

PT Adhi Kartiko Pratama Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was Rp6,572 Mil.

PT Adhi Kartiko Pratama Tbk's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (Rp0 Mil) to Dec. 2022 (Rp7,818 Mil) but then declined from Dec. 2022 (Rp7,818 Mil) to Jun. 2023 (Rp6,572 Mil).

PT Adhi Kartiko Pratama Tbk's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (Rp799 Mil) to Dec. 2021 (Rp0 Mil) but then increased from Dec. 2021 (Rp0 Mil) to Dec. 2022 (Rp7,818 Mil).


PT Adhi Kartiko Pratama Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT Adhi Kartiko Pratama Tbk'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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PT Adhi Kartiko Pratama Tbk Long-Term Capital Lease Obligation Chart

PT Adhi Kartiko Pratama Tbk Annual Data
Trend Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
798.57 - 7,817.50

PT Adhi Kartiko Pratama Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Long-Term Capital Lease Obligation 798.57 - - 7,817.50 6,571.83

PT Adhi Kartiko Pratama Tbk  (ISX:NICE) 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.

PT Adhi Kartiko Pratama Tbk Long-Term Capital Lease Obligation Related Terms

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PT Adhi Kartiko Pratama Tbk (ISX:NICE) Business Description

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PT Adhi Kartiko Pratama Tbk is engaged in Nickel Ore Mining. Its mine location is Lameruru Village/Subdistrict, District. Langgikima, Kab. North Konawe, Southeast Sulawesi Province.