Philip Morris (Pakistan) (KAR:PMPK) Long-Term Capital Lease Obligation : ₨273 Mil (As of Mar. 2024)

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What is Philip Morris (Pakistan) Long-Term Capital Lease Obligation?

Philip Morris (Pakistan)'s Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨273 Mil.

Philip Morris (Pakistan)'s quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₨282 Mil) to Dec. 2023 (₨265 Mil) but then increased from Dec. 2023 (₨265 Mil) to Mar. 2024 (₨273 Mil).

Philip Morris (Pakistan)'s annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₨134 Mil) to Dec. 2022 (₨251 Mil) and increased from Dec. 2022 (₨251 Mil) to Dec. 2023 (₨265 Mil).

Philip Morris (Pakistan) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Philip Morris (Pakistan)'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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Philip Morris (Pakistan) Long-Term Capital Lease Obligation Chart

Philip Morris (Pakistan) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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416.75

325.42

134.14

251.15

265.04

Philip Morris (Pakistan) 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															225.05	280.16	281.80	265.04	273.35

Philip Morris (Pakistan) (KAR:PMPK) 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.

Philip Morris (Pakistan) Long-Term Capital Lease Obligation Related Terms

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Philip Morris (Pakistan) (KAR:PMPK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Philip Morris (Pakistan) Ltd (KAR:PMPK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot HC-3, Block 4, Corporate Office Block, Office 04 & 05, 5th Floor, Dolmen City, Clifton, Karachi, SD, PAK, 75600

Website

https://www.pmi.com

Philip Morris (Pakistan) Ltd is a cigarette manufacturing company engaged in the manufacture, distribution, and sale of cigarettes, tobacco products, and other smoke-free products in Pakistan.

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