Turkcell Iletisim Hizmetleri AS (Turkcell Iletisim Hizmetleri AS) Long-Term Capital Lease Obligation : $104 Mil (As of Sep. 2023)

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What is Turkcell Iletisim Hizmetleri AS Long-Term Capital Lease Obligation?

Turkcell Iletisim Hizmetleri AS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $104 Mil.

Turkcell Iletisim Hizmetleri AS's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($112 Mil) to Jun. 2023 ($109 Mil) and declined from Jun. 2023 ($109 Mil) to Sep. 2023 ($104 Mil).

Turkcell Iletisim Hizmetleri AS's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($197 Mil) to Dec. 2021 ($244 Mil) but then declined from Dec. 2021 ($244 Mil) to Dec. 2022 ($117 Mil).

Turkcell Iletisim Hizmetleri AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Turkcell Iletisim Hizmetleri 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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Turkcell Iletisim Hizmetleri AS Long-Term Capital Lease Obligation Chart

Turkcell Iletisim Hizmetleri AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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193.15

188.20

197.32

243.88

116.95

Turkcell Iletisim Hizmetleri AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															116.39	116.95	112.44	109.08	103.57

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) 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.

Turkcell Iletisim Hizmetleri AS Long-Term Capital Lease Obligation Related Terms

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Turkcell Iletisim Hizmetleri AS (Turkcell Iletisim Hizmetleri AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Turkcell Iletisim Hizmetleri AS (NYSE:TKC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TCELL:Turkey TUL1:Germany TUL1:Germany

Address

Aydinevler Mahallesi Inonu Caddesi No. 20, Kucukyali Ofispark B Blok, Turkcell Kucukyali Plaza, Maltepe, Istanbul, TUR, 34854

Website

https://www.turkcell.com.tr

Turkcell Iletisim Hizmetleri AS provides mobile telephone services in Turkey. The firm provides mobile voice and data services over its global system for mobile communications networks. Currently, Turkcell provides service to subscribers in 208 countries through commercial roaming agreements with operators. Turkcell has 26 million prepaid subscribers and more than 9 million postpaid subscribers. The firm also has investments in Azerbaijan, Georgia, Kazakhstan, Moldova, and Ukraine.