PT Gajah Tunggal Tbk (ISX:GJTL) Long-Term Capital Lease Obligation : Rp0 Mil (As of Mar. 2024)

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What is PT Gajah Tunggal Tbk Long-Term Capital Lease Obligation?

PT Gajah Tunggal Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp0 Mil.

PT Gajah Tunggal Tbk's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (Rp31,866 Mil) to Dec. 2022 (Rp9,900 Mil) and declined from Dec. 2022 (Rp9,900 Mil) to Dec. 2023 (Rp0 Mil).

PT Gajah Tunggal Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT Gajah Tunggal 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 Gajah Tunggal Tbk Long-Term Capital Lease Obligation Chart

PT Gajah Tunggal Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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76,372.00

53,376.00

31,866.00

9,900.00

PT Gajah Tunggal Tbk 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															3,031.00	-	-	-	-

PT Gajah Tunggal Tbk (ISX:GJTL) 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 Gajah Tunggal Tbk Long-Term Capital Lease Obligation Related Terms

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PT Gajah Tunggal Tbk (ISX:GJTL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Gajah Tunggal Tbk (ISX:GJTL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Jalan Hayam Wuruk No. 8, Wisma Hayam Wuruk 10th Floor, Jakarta, IDN, 10120

Website

https://www.gt-tires.com

PT Gajah Tunggal Tbk is a tire manufacturer in Indonesia. Its operating segment consists of the manufacturing of tire, tire cord, synthetic rubber, nylon yarn, and others. The tires are used for passenger and commercial vehicles which include passenger car, truck, bus, motorcycles, and others. The business and sales activities are performed through various countries such as Asia, America, Europe, Middle East, Africa, Australia, and Oceania under the brand GT Radial, Gajah Tunggal, IRC, and Zeneos. It derives a vast majority of its revenue from the manufacture of tires in Java.

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