Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Long-Term Capital Lease Obligation : ₺30 Mil (As of Dec. 2023)

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What is Cimentas Izmir Cimento Fabrikasi Turk AS Long-Term Capital Lease Obligation?

Cimentas Izmir Cimento Fabrikasi Turk AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺30 Mil.

Cimentas Izmir Cimento Fabrikasi Turk AS's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₺35 Mil) to Sep. 2023 (₺39 Mil) but then declined from Sep. 2023 (₺39 Mil) to Dec. 2023 (₺30 Mil).

Cimentas Izmir Cimento Fabrikasi Turk AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₺15 Mil) to Dec. 2022 (₺18 Mil) and increased from Dec. 2022 (₺18 Mil) to Dec. 2023 (₺30 Mil).

Cimentas Izmir Cimento Fabrikasi Turk AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk AS'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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Cimentas Izmir Cimento Fabrikasi Turk AS Long-Term Capital Lease Obligation Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.23

8.52

14.98

17.53

30.16

Cimentas Izmir Cimento Fabrikasi Turk AS 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															17.53	39.56	35.11	39.39	30.16

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) 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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Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) » Definitions » Long-Term Capital Lease Obligation

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Address

Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.cimentas.com.tr

Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

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