MJL Bangladesh (DHA:MJLBD) Long-Term Capital Lease Obligation : BDT159 Mil (As of Dec. 2023)

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What is MJL Bangladesh Long-Term Capital Lease Obligation?

MJL Bangladesh's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT159 Mil.

MJL Bangladesh's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (BDT170 Mil) to Sep. 2023 (BDT168 Mil) and declined from Sep. 2023 (BDT168 Mil) to Dec. 2023 (BDT159 Mil).

MJL Bangladesh's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (BDT183 Mil) to Jun. 2022 (BDT177 Mil) and declined from Jun. 2022 (BDT177 Mil) to Jun. 2023 (BDT170 Mil).

MJL Bangladesh Long-Term Capital Lease Obligation Historical Data

The historical data trend for MJL Bangladesh'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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MJL Bangladesh Long-Term Capital Lease Obligation Chart

MJL Bangladesh Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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18.10

182.99

177.35

170.06

MJL Bangladesh 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															170.56	172.10	170.06	168.42	158.56

MJL Bangladesh (DHA:MJLBD) 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.

MJL Bangladesh Long-Term Capital Lease Obligation Related Terms

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MJL Bangladesh (DHA:MJLBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MJL Bangladesh PLC (DHA:MJLBD) » Definitions » Long-Term Capital Lease Obligation

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Address

Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212

Website

https://www.mjlbl.com

MJL Bangladesh PLC is engaged in the process, manufacture trade of lubricants, blending, marketing of lubricants and grease products. the company has bifurcated the revenues in Oil Tanker, the Manufacturing Unit, which generates the majority of revenue, and Trading Unit. Its automotive lubricants include Car Engine Oils, Motorcycle Engine Oils, Bus & Truck Engine Oils, Gear Oils, and Others. It also produces Industrial & Specialty Lubricants which includes Greases, Compressor Oils, Aviation Products, and others. It serves various industries, some of which include agriculture, automotive, construction, natural gas, and commercial industries. The majority of the revenue is generated from the domestic market but the company also exports some of its products in the International market.

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