Alumil Rom Industry (BSE:ALU) Long-Term Capital Lease Obligation : lei1.8 Mil (As of Sep. 2023)

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What is Alumil Rom Industry Long-Term Capital Lease Obligation?

Alumil Rom Industry's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was lei1.8 Mil.

Alumil Rom Industry's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (lei2.2 Mil) to Jun. 2023 (lei1.8 Mil) but then stayed the same from Jun. 2023 (lei1.8 Mil) to Sep. 2023 (lei1.8 Mil).

Alumil Rom Industry's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (lei3.9 Mil) to Dec. 2021 (lei2.6 Mil) and declined from Dec. 2021 (lei2.6 Mil) to Dec. 2022 (lei2.2 Mil).

Alumil Rom Industry Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alumil Rom Industry'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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Alumil Rom Industry Long-Term Capital Lease Obligation Chart

Alumil Rom Industry Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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3.42

3.88

2.61

2.24

Alumil Rom Industry 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															2.37	2.24	2.24	1.84	1.84

Alumil Rom Industry (BSE:ALU) 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.

Alumil Rom Industry Long-Term Capital Lease Obligation Related Terms

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Alumil Rom Industry (BSE:ALU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alumil Rom Industry SA (BSE:ALU) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soseaua Bucuresti Ploiesti No. 42-44, Sector 1, Complex Baneasa Business & Technologiy Park, Bucharest, ROU, 50912

Website

https://www.alumil.com

Alumil Rom Industry SA is a Romania-based company. The company mainly manufactures and trades a range of Aluminum profile systems such as sliding, opening, and partitioning systems and accessories related to these systems, machine tools, and specific tools used for aluminum joinery, interior doors, and decorative Aluminum panels. The company also engages in the processing of profiles through the provision of thermal breaks and electrostatic painting. The product categories of the company are profiles, accessories, polycarbonates, composite aluminum panels, photovoltaic systems, systems for automation applications, waste, services and others.