Pakistan State Oil Co (KAR:PSO) Long-Term Capital Lease Obligation : ₨7,410 Mil (As of Mar. 2024)

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What is Pakistan State Oil Co Long-Term Capital Lease Obligation?

Pakistan State Oil Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨7,410 Mil.

Pakistan State Oil Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₨6,972 Mil) to Dec. 2023 (₨7,324 Mil) and increased from Dec. 2023 (₨7,324 Mil) to Mar. 2024 (₨7,410 Mil).

Pakistan State Oil Co's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (₨4,448 Mil) to Jun. 2022 (₨5,984 Mil) and increased from Jun. 2022 (₨5,984 Mil) to Jun. 2023 (₨6,744 Mil).

Pakistan State Oil Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pakistan State Oil Co'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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Pakistan State Oil Co Long-Term Capital Lease Obligation Chart

Pakistan State Oil Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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4,488.60

4,447.94

5,984.28

6,744.43

Pakistan State Oil Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5,560.92	6,744.43	6,972.24	7,324.25	7,410.17

Pakistan State Oil Co (KAR:PSO) 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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Pakistan State Oil Co (KAR:PSO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pakistan State Oil Co Ltd (KAR:PSO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

PSO House, Khayaban-e-Iqbal, Clifton, Karachi, SD, PAK, 75600

Website

https://www.psopk.com

Pakistan State Oil Co Ltd is engaged in the procurement, storage, and marketing of petroleum and related products. It also blends and markets lubricating oils. It comprises three reportable segments namely Petroleum products, Liquefied Natural Gas (LNG), and Others. The majority of the company's revenues are derived from the petroleum products segment.