Ege Endustri ve Ticaret AS (IST:EGEEN) Long-Term Capital Lease Obligation : ₺101 Mil (As of Sep. 2023)

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What is Ege Endustri ve Ticaret AS Long-Term Capital Lease Obligation?

Ege Endustri ve Ticaret AS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺101 Mil.

Ege Endustri ve Ticaret AS's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (₺62 Mil) to Jun. 2023 (₺96 Mil) and increased from Jun. 2023 (₺96 Mil) to Sep. 2023 (₺101 Mil).

Ege Endustri ve Ticaret AS's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₺4 Mil) to Dec. 2021 (₺6 Mil) and increased from Dec. 2021 (₺6 Mil) to Dec. 2022 (₺94 Mil).

Ege Endustri ve Ticaret AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ege Endustri ve Ticaret 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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Ege Endustri ve Ticaret AS Long-Term Capital Lease Obligation Chart

Ege Endustri ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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3.52

3.70

6.03

93.62

Ege Endustri ve Ticaret AS 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															94.99	93.62	62.05	95.94	100.99

Ege Endustri ve Ticaret AS (IST:EGEEN) 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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Ege Endustri ve Ticaret AS (IST:EGEEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ege Endustri ve Ticaret AS (IST:EGEEN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Kemalpasa Caddesi No.18, Pinarbasi, Izmir, TUR, 35060

Website

http://www.egeendustri.com.tr

Ege Endustri ve Ticaret AS is a Turkey-based axle manufacturer for the automotive industry. The products of the company consist of Fabricated Axle Housing, Rear Axles, Tag Axles, Trailer Axles, Self-Steering Tag Axle and Independent Front Suspension System among others.

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