PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) Long-Term Capital Lease Obligation : Rp15,007 Mil (As of Mar. 2024)

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What is PT Steel Pipe Industry of Indonesia Tbk Long-Term Capital Lease Obligation?

PT Steel Pipe Industry of Indonesia Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp15,007 Mil.

PT Steel Pipe Industry of Indonesia Tbk's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (Rp33,645 Mil) to Dec. 2023 (Rp20,390 Mil) and declined from Dec. 2023 (Rp20,390 Mil) to Mar. 2024 (Rp15,007 Mil).

PT Steel Pipe Industry of Indonesia Tbk's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (Rp20,912 Mil) to Dec. 2022 (Rp39,351 Mil) but then declined from Dec. 2022 (Rp39,351 Mil) to Dec. 2023 (Rp20,390 Mil).

PT Steel Pipe Industry of Indonesia Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT Steel Pipe Industry of Indonesia 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.

* Premium members only.

PT Steel Pipe Industry of Indonesia Tbk Long-Term Capital Lease Obligation Chart

PT Steel Pipe Industry of Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6,604.00

3,429.00

20,912.00

39,351.00

20,390.00

PT Steel Pipe Industry of Indonesia 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															36,206.00	34,819.00	33,645.00	20,390.00	15,007.00

PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) 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 Steel Pipe Industry of Indonesia Tbk Long-Term Capital Lease Obligation Related Terms

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PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

S08:Germany

Address

Jalan Kalibutuh No. 189-191, East Java, Surabaya, IDN, 60173

Website

https://www.spindo.com

PT Steel Pipe Industry of Indonesia Tbk is an Indonesia-based company engaged in manufacturing steel pipes. The company's products include black pipes, water pipes, mechanical pipes, furniture pipes, API pipes, steel poles, spiral pipes as well as industrial and ornament stainless steel pipes. The segments of the company are Steel Pipe Mill; Spiral Steel Pipe Mill, Strips and Plate and Services, and others. The company's products are used for furniture, water supply system, general construction, automotive components, oil and gas, mechanical structures, and chemical industries. Geographically all operations functioned through the regions of Indonesia.

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