Arcelik AS (Arcelik AS) Long-Term Capital Lease Obligation : $98 Mil (As of Dec. 2023)

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What is Arcelik AS Long-Term Capital Lease Obligation?

Arcelik AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $98 Mil.

Arcelik AS's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($96 Mil) to Sep. 2023 ($99 Mil) but then declined from Sep. 2023 ($99 Mil) to Dec. 2023 ($98 Mil).

Arcelik AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($81 Mil) to Dec. 2022 ($150 Mil) but then declined from Dec. 2022 ($150 Mil) to Dec. 2023 ($98 Mil).

Arcelik AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arcelik AS'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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Arcelik AS Long-Term Capital Lease Obligation Chart

Arcelik AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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95.38

92.83

81.46

149.61

98.45

Arcelik AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															149.61	96.03	96.40	99.20	98.45

Arcelik AS (OTCPK:ACKAY) 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.

Arcelik AS Long-Term Capital Lease Obligation Related Terms

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Arcelik AS (Arcelik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Arcelik AS (OTCPK:ACKAY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ARCLK:Turkey RCAA:Germany

Address

Karaagac Caddesi No 2-6, Sutluce, Istanbul, TUR, 34445

Website

http://www.arcelikas.com

Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. The company generates most of its revenue from white products. The company has factories in a number of countries, such as Turkey, Romania, Russia, China, South Africa, and Thailand. It has a worldwide business presence, including Turkey, Europe, Africa, and the Middle East, with Turkey and Western Europe as the largest markets.