TMT Steel PCL (BKK:TMT) Long-Term Capital Lease Obligation : ฿20 Mil (As of Sep. 2024)

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What is TMT Steel PCL Long-Term Capital Lease Obligation?

TMT Steel PCL's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ฿20 Mil.

TMT Steel PCL's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (฿9 Mil) to Jun. 2024 (฿23 Mil) but then declined from Jun. 2024 (฿23 Mil) to Sep. 2024 (฿20 Mil).

TMT Steel PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿4 Mil) to Dec. 2022 (฿28 Mil) but then declined from Dec. 2022 (฿28 Mil) to Dec. 2023 (฿15 Mil).

TMT Steel PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for TMT Steel 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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TMT Steel PCL Long-Term Capital Lease Obligation Chart

TMT Steel PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.53

4.03

27.87

14.96

TMT Steel PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															21.07	14.96	8.92	23.13	19.77

TMT Steel PCL (BKK:TMT) 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.

TMT Steel PCL Long-Term Capital Lease Obligation Related Terms

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TMT Steel PCL Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TMT Steel PCL (BKK:TMT) » Definitions » Long-Term Capital Lease Obligation

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Address

South Sathorn Road, 22nd Floor, 179 Bangkok City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.tmtsteel.co.th

TMT Steel PCL operates as a total steel solutions provider. It is engaged in fabricating and selling structural steel plates and sheets. The company offers flat products, including hot-rolled steel, plate steel, slit steel coil, flat iron, steel pipe, round steel bar, and others. In addition, it also provides steel processing and cold-forming services. Geographically all the business activity functions through the region of Thailand.

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