Indofood Agri Resources (Indofood Agri Resources) Long-Term Capital Lease Obligation : $6 Mil (As of Dec. 2023)

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What is Indofood Agri Resources Long-Term Capital Lease Obligation?

Indofood Agri Resources's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6 Mil.

Indofood Agri Resources's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($8 Mil) to Jun. 2023 ($7 Mil) and declined from Jun. 2023 ($7 Mil) to Dec. 2023 ($6 Mil).

Indofood Agri Resources's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1 Mil) to Dec. 2022 ($8 Mil) but then declined from Dec. 2022 ($8 Mil) to Dec. 2023 ($6 Mil).

Indofood Agri Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Indofood Agri Resources'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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Indofood Agri Resources Long-Term Capital Lease Obligation Chart

Indofood Agri Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.81

1.43

0.79

7.82

5.80

Indofood Agri Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.79	0.80	7.82	6.97	5.80

Indofood Agri Resources (OTCPK:INDFY) 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.

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Indofood Agri Resources (Indofood Agri Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indofood Agri Resources Ltd (OTCPK:INDFY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

5JS:Singapore ZVF:Germany

Address

8 Eu Tong Sen Street, No. 16-96/97 The Central, Singapore, SGP, 059818

Website

http://www.indofoodagri.com

Indofood Agri Resources Ltd is engaged in agribusiness. The principal activities of the firm include research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, sugarcane and industrial timber plantations and, marketing and selling end products. It operates through following segments: Plantations, Edible Oils and Fats and others segment. The Plantations segment develops and maintains oil palm, rubber and sugar cane plantations, and other business activities relating to palm oil, rubber and sugar cane processing, marketing, and selling. The Edible Oils and Fats segment which generates majority revenue produces, markets, and sells edible oil, margarine, shortening, and other related products and its derivative products.

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