It City PCL (BKK:IT) Long-Term Capital Lease Obligation : ฿380 Mil (As of Mar. 2024)

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What is It City PCL Long-Term Capital Lease Obligation?

It City PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿380 Mil.

It City PCL's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (฿423 Mil) to Dec. 2023 (฿429 Mil) but then declined from Dec. 2023 (฿429 Mil) to Mar. 2024 (฿380 Mil).

It City PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿888 Mil) to Dec. 2022 (฿647 Mil) and declined from Dec. 2022 (฿647 Mil) to Dec. 2023 (฿429 Mil).

It City PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for It City PCL'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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It City PCL Long-Term Capital Lease Obligation Chart

It City PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.37

1,036.33

888.34

647.29

428.56

It City PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															566.34	497.97	422.60	428.56	379.97

It City PCL (BKK:IT) 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.

It City PCL Long-Term Capital Lease Obligation Related Terms

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It City PCL (BKK:IT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » It City PCL (BKK:IT) » Definitions » Long-Term Capital Lease Obligation

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Address

Ratchaprarop Road, B1, B2, 5th Floor, No.555 The Palladium World Shopping Mall, Makkasan, Ratchathewi, Bangkok, THA, 10400

Website

https://www.itcity.co.th

It City PCL is engaged in the retail distribution of computers and related accessories in Thailand. The company provides various products such as desktop computers, notebook computers, liquid crystal display (LCD) monitors, printers, audio systems, projectors, smartphones, and others. It City derives revenue through the sale of these products. The company operates in the distribution of computers, mobile phones, and related accessories segment.