Logo Yazilimnayi ve Ticaret AS (IST:LOGO) Long-Term Capital Lease Obligation : ₺22 Mil (As of Dec. 2023)

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What is Logo Yazilimnayi ve Ticaret AS Long-Term Capital Lease Obligation?

Logo Yazilimnayi ve Ticaret AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺22 Mil.

Logo Yazilimnayi ve Ticaret AS's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₺24 Mil) to Sep. 2023 (₺23 Mil) and declined from Sep. 2023 (₺23 Mil) to Dec. 2023 (₺22 Mil).

Logo Yazilimnayi ve Ticaret AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₺13 Mil) to Dec. 2022 (₺27 Mil) but then declined from Dec. 2022 (₺27 Mil) to Dec. 2023 (₺22 Mil).

Logo Yazilimnayi ve Ticaret AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Logo Yazilimnayi 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.

* Premium members only.

Logo Yazilimnayi ve Ticaret AS Long-Term Capital Lease Obligation Chart

Logo Yazilimnayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.32

12.90

12.67

27.44

22.10

Logo Yazilimnayi ve Ticaret 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															27.44	17.47	23.81	23.44	22.10

Logo Yazilimnayi ve Ticaret AS (IST:LOGO) 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.

Logo Yazilimnayi ve Ticaret AS Long-Term Capital Lease Obligation Related Terms

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Logo Yazilimnayi ve Ticaret AS (IST:LOGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Logo Yazilim Sanayi ve Ticaret AS (IST:LOGO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Sahabettin Bilgisu Caddesi, No. 609, Gebze Organize Sanayi Bolgesi, Kocaeli, Gebze, TUR, 41400

Website

https://www.logo.com.tr

Logo Yazilim Sanayi ve Ticaret AS is a software company developing software for engineering and project management. The company's vast array of solutions includes Enterprise Resource Planning solutions, Project Solutions, Small and Medium Enterprise Solutions, Business Analytics Solutions, Human Resource Solutions, Supply Chain Solutions, Integrated Products, Work Flow Management Solutions, Retail Cloud Solutions, Customer Relationship Management Solutions, and Mobile Solutions. The group generates revenue from the sale of off-the-shelf software, logo enterprise membership, SaaS membership, after-sales services, Netsis software license, development of customized software and version upgrade package sales.

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