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The Platinum Group PCL (BKK:PLAT) Long-Term Capital Lease Obligation : ฿2,756 Mil (As of Jun. 2024)


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What is The Platinum Group PCL Long-Term Capital Lease Obligation?

The Platinum Group PCL's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ฿2,756 Mil.

The Platinum Group PCL's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (฿2,747 Mil) to Mar. 2024 (฿2,756 Mil) and increased from Mar. 2024 (฿2,756 Mil) to Jun. 2024 (฿2,756 Mil).

The Platinum Group PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿2,568 Mil) to Dec. 2022 (฿2,694 Mil) and increased from Dec. 2022 (฿2,694 Mil) to Dec. 2023 (฿2,747 Mil).


The Platinum Group PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Platinum Group PCL'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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The Platinum Group PCL Long-Term Capital Lease Obligation Chart

The Platinum Group PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.82 2,513.47 2,567.72 2,693.92 2,746.62

The Platinum Group PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,719.39 2,736.21 2,746.62 2,755.69 2,756.02

The Platinum Group PCL  (BKK:PLAT) 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.

The Platinum Group PCL Long-Term Capital Lease Obligation Related Terms

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The Platinum Group PCL Business Description

Industry
Traded in Other Exchanges
N/A
Address
Phetchaburi Road, 222/1398, 11th Floor, The Platinum Fashion Mall Building, Ratchathewi District, Petchaburi Road Sub-District, Bangkok, THA, 10400
The Platinum Group PCL is engaged in the provision of property rental, hotel, and food center operations in the country of Thailand. Its projects include the Platinum Fashion Mall, War Samui, Holiday Inn Express Samui Hotel, Novotel Bangkok Platinum, and the Platinum Food Center, and others. The company and its subsidiaries are organized into business units based on its products and services and have three reportable segments which are Development and rental of retail space in shopping centers and related services; Hotel operations; and Food and beverages centers. The vast majority of its revenue is generated from its retail space development and rental segment.

The Platinum Group PCL Headlines