Kocaer Celiknayi ve Ticaret AS (IST:KCAER) Long-Term Capital Lease Obligation : ₺164 Mil (As of Jun. 2024)

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What is Kocaer Celiknayi ve Ticaret AS Long-Term Capital Lease Obligation?

Kocaer Celiknayi ve Ticaret AS's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ₺164 Mil.

Kocaer Celiknayi ve Ticaret AS's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (₺164 Mil) to Mar. 2024 (₺170 Mil) but then declined from Mar. 2024 (₺170 Mil) to Jun. 2024 (₺164 Mil).

Kocaer Celiknayi ve Ticaret AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₺108 Mil) to Dec. 2022 (₺216 Mil) but then declined from Dec. 2022 (₺216 Mil) to Dec. 2023 (₺164 Mil).

Kocaer Celiknayi ve Ticaret AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kocaer Celiknayi 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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Kocaer Celiknayi ve Ticaret AS Long-Term Capital Lease Obligation Chart

Kocaer Celiknayi ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

108.31

216.30

164.47

Kocaer Celiknayi ve Ticaret AS Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											173.07	169.87	164.47	169.67	164.17

Kocaer Celiknayi ve Ticaret AS (IST:KCAER) 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.

Kocaer Celiknayi ve Ticaret AS Long-Term Capital Lease Obligation Related Terms

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Kocaer Celiknayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kocaer Celik Sanayi ve Ticaret AS (IST:KCAER) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeni Foca Yolu 3. km, Aliaga, Izmir, TUR

Website

https://www.kocaersteel.com

Kocaer Celik Sanayi ve Ticaret AS manufactures steed products. The company offers steel bars, angles, beams, rods, channels, profiles, and clamps.

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