Matin Spinning Mills (DHA:MATINSPINN) Long-Term Capital Lease Obligation : BDT0 Mil (As of Dec. 2023)

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What is Matin Spinning Mills Long-Term Capital Lease Obligation?

Matin Spinning Mills's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT0 Mil.

Matin Spinning Mills's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (BDT6 Mil) to Jun. 2022 (BDT2 Mil) and declined from Jun. 2022 (BDT2 Mil) to Jun. 2023 (BDT0 Mil).

Matin Spinning Mills Long-Term Capital Lease Obligation Historical Data

The historical data trend for Matin Spinning Mills'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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Matin Spinning Mills Long-Term Capital Lease Obligation Chart

Matin Spinning Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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5.90

2.40

Matin Spinning Mills 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															0.88	0.10	-	-	-

Matin Spinning Mills (DHA:MATINSPINN) 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.

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Matin Spinning Mills (DHA:MATINSPINN) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Matin Spinning Mills PLC (DHA:MATINSPINN) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Road 03, House 50, Capita South Avenue Tower, 6th Floor, 7 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.matinspinning.com

Matin Spinning Mills PLC manufactures and sells all types of Cotton, Viscose, Polyester, Melange and their blend in Bangladesh. The company's manufacturing plant is located at Sardagonj, Dhaka, Bangladesh.

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