Sri Lanka Telecom (COL:SLTL.N0000) Long-Term Capital Lease Obligation : රු2,834 Mil (As of Jun. 2024)

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What is Sri Lanka Telecom Long-Term Capital Lease Obligation?

Sri Lanka Telecom's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was රු2,834 Mil.

Sri Lanka Telecom's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (රු3,617 Mil) to Mar. 2024 (රු2,823 Mil) but then increased from Mar. 2024 (රු2,823 Mil) to Jun. 2024 (රු2,834 Mil).

Sri Lanka Telecom's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (රු6,840 Mil) to Dec. 2022 (රු4,847 Mil) and declined from Dec. 2022 (රු4,847 Mil) to Dec. 2023 (රු3,617 Mil).

Sri Lanka Telecom Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sri Lanka Telecom'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.

* Premium members only.

Sri Lanka Telecom Long-Term Capital Lease Obligation Chart

Sri Lanka Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8,272.00

7,397.00

6,840.00

4,847.00

3,617.00

Sri Lanka Telecom Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4,332.00	3,927.00	3,617.00	2,823.00	2,834.00

Sri Lanka Telecom (COL:SLTL.N0000) 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.

Sri Lanka Telecom Long-Term Capital Lease Obligation Related Terms

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Sri Lanka Telecom Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Sri Lanka Telecom PLC (COL:SLTL.N0000) » Definitions » Long-Term Capital Lease Obligation

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Address

Lotus Road, P.O. Box 503, Telecom Headquarters, Colombo, LKA, 01

Website

https://www.slt.lk

Sri Lanka Telecom PLC is the National Information and Communications Technology (ICT) solutions, and broadband and infrastructure services provider in Sri Lanka. It operates in three segments, namely, fixed ICT operations, mobile ICT operations, and other segment operations. Fixed ICT operations include the supply of fixed telecommunication services. Mobile ICT operations include the supply of mobile telecommunication services. Other segment operations include Directory publication and support services.

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