Argon Denims (DHA:ARGONDENIM) Long-Term Capital Lease Obligation : BDT33 Mil (As of Dec. 2023)

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What is Argon Denims Long-Term Capital Lease Obligation?

Argon Denims's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT33 Mil.

Argon Denims's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (BDT37 Mil) to Sep. 2023 (BDT37 Mil) but then declined from Sep. 2023 (BDT37 Mil) to Dec. 2023 (BDT33 Mil).

Argon Denims's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (BDT44 Mil) to Jun. 2022 (BDT24 Mil) but then increased from Jun. 2022 (BDT24 Mil) to Jun. 2023 (BDT37 Mil).

Argon Denims Long-Term Capital Lease Obligation Historical Data

The historical data trend for Argon Denims'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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Argon Denims Long-Term Capital Lease Obligation Chart

Argon Denims Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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28.65

56.36

43.94

23.74

36.85

Argon Denims Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															47.60	44.83	36.85	36.94	33.43

Argon Denims (DHA:ARGONDENIM) 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.

Argon Denims Long-Term Capital Lease Obligation Related Terms

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Argon Denims (DHA:ARGONDENIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Argon Denims Ltd (DHA:ARGONDENIM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

57, Joar Sahara, New Airport Road, Level-6, Lotus Kamal Tower ONE, Nikunja-2- C/A, Dhaka, BGD, 1229

Website

http://www.argondenims.com

Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST with casts and colors.

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