Singer Sri Lanka (COL:SINS.N0000) Long-Term Capital Lease Obligation : රු4,724 Mil (As of Mar. 2024)

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What is Singer Sri Lanka Long-Term Capital Lease Obligation?

Singer Sri Lanka's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු4,724 Mil.

Singer Sri Lanka's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (රු3,770 Mil) to Dec. 2023 (රු4,144 Mil) and increased from Dec. 2023 (රු4,144 Mil) to Mar. 2024 (රු4,724 Mil).

Singer Sri Lanka's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (රු6,050 Mil) to Mar. 2023 (රු4,792 Mil) and declined from Mar. 2023 (රු4,792 Mil) to Mar. 2024 (රු4,724 Mil).

Singer Sri Lanka Long-Term Capital Lease Obligation Historical Data

The historical data trend for Singer Sri Lanka'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.

* Premium members only.

Singer Sri Lanka Long-Term Capital Lease Obligation Chart

Singer Sri Lanka Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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5,423.64

5,920.09

6,050.33

4,791.57

4,724.41

Singer Sri Lanka 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															4,791.57	4,039.13	3,769.56	4,144.41	4,724.41

Singer Sri Lanka (COL:SINS.N0000) 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.

Singer Sri Lanka Long-Term Capital Lease Obligation Related Terms

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Singer Sri Lanka (COL:SINS.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Singer Sri Lanka PLC (COL:SINS.N0000) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

No. 112, Havelock Road, Colombo, LKA, 05

Website

https://www.singer.lk

Singer Sri Lanka PLC is a Sri Lanka based appliance retailer. It is engaged in marketing of household electrical products. It operates in seven segments including Consumer Electronics that offers televisions, audios and other electronic products. Financial Services segment offers leasing, hire purchase and loans. Furniture segment offers wood and layered furniture, sofa sets, steel furniture, and mattress. Home Appliances offer refrigerators, washing machines, deep freezers. Digital Products include laptops and smartphones. Sewing segment offers domestic and industrial sewing machines and general merchandise Other segment offers motorbikes, bicycles, water pumps, paddy threshers, and tractors. The company generates maximum revenue from the Home Appliances segment.

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