Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Long-Term Capital Lease Obligation : ₺0.0 Mil (As of Mar. 2024)

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What is Hitit Bilgisayar Hizmetleri AS Long-Term Capital Lease Obligation?

Hitit Bilgisayar Hizmetleri AS's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₺0.0 Mil.

Hitit Bilgisayar Hizmetleri AS's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₺13.7 Mil) to Dec. 2022 (₺0.0 Mil) but then stayed the same from Dec. 2022 (₺0.0 Mil) to Dec. 2023 (₺0.0 Mil).

Hitit Bilgisayar Hizmetleri AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hitit Bilgisayar Hizmetleri 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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Hitit Bilgisayar Hizmetleri AS Long-Term Capital Lease Obligation Chart

Hitit Bilgisayar Hizmetleri AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.70

Hitit Bilgisayar Hizmetleri AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												-	-	-	-	-

Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) 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.

Hitit Bilgisayar Hizmetleri AS Long-Term Capital Lease Obligation Related Terms

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Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) » Definitions » Long-Term Capital Lease Obligation

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Address

Resitpasa Mah. Katar Cad. No: 4/1 Ari, Teknokent 2 Ic Kapi No: 601 34469, Maslak, Istanbul, TUR

Website

https://www.hitit.com

Hitit Bilgisayar Hizmetleri AS is a provider of airline IT solutions intended to meet the needs of industry players in the travel industry. The company's solutions offer a comprehensive suite that covers the entire operational life-circle, web-based airline reservations and ticketing systems, schedule and crew planning through core passenger service and ground-handling needs, industrial-standard accounting, reporting tools, as well as complementing solutions such as loyalty, customer management, multiple sales and distribution channels.

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