PT Essa Industries Indonesia Tbk (ISX:ESSA) Long-Term Capital Lease Obligation : Rp1,048 Mil (As of Dec. 2023)

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What is PT Essa Industries Indonesia Tbk Long-Term Capital Lease Obligation?

PT Essa Industries Indonesia Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was Rp1,048 Mil.

PT Essa Industries Indonesia Tbk's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (Rp3,787 Mil) to Sep. 2023 (Rp4,316 Mil) but then declined from Sep. 2023 (Rp4,316 Mil) to Dec. 2023 (Rp1,048 Mil).

PT Essa Industries Indonesia Tbk's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (Rp6,507 Mil) to Dec. 2022 (Rp2,297 Mil) and declined from Dec. 2022 (Rp2,297 Mil) to Dec. 2023 (Rp1,048 Mil).

PT Essa Industries Indonesia Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT Essa Industries 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.

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PT Essa Industries Indonesia Tbk Long-Term Capital Lease Obligation Chart

PT Essa Industries Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,045.23

6,506.66

2,296.73

1,048.29

PT Essa Industries Indonesia Tbk 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															2,296.73	3,404.01	3,786.55	4,316.23	1,048.29

PT Essa Industries Indonesia Tbk (ISX:ESSA) 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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PT Essa Industries Indonesia Tbk (ISX:ESSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Essa Industries Indonesia Tbk (ISX:ESSA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Jalan Prof. Dr. Satrio, Kav. 3-5, DBS Bank Tower, 18th Floor, Jakarta, IDN, 12940

Website

https://www.essa.id

PT Essa Industries Indonesia Tbk owns and operates the largest privately owned domestic liquefied petroleum gas (LPG) refinery in Indonesia. Its main business is the refining and processing of natural gas to produce LPG (mixture of Propane and Butane) and Condensate with a capacity of 190 TPD (Ton Per Day) LPG and 500 bpd (barrels per day) Condensate.