Luks Kadife Ticaret Ve Ssanayii AS (IST:LUKSK) Long-Term Capital Lease Obligation : ₺0.2 Mil (As of Dec. 2023)

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What is Luks Kadife Ticaret Ve Ssanayii AS Long-Term Capital Lease Obligation?

Luks Kadife Ticaret Ve Ssanayii AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺0.2 Mil.

Luks Kadife Ticaret Ve Ssanayii AS's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₺18.7 Mil) to Sep. 2023 (₺9.8 Mil) and declined from Sep. 2023 (₺9.8 Mil) to Dec. 2023 (₺0.2 Mil).

Luks Kadife Ticaret Ve Ssanayii AS's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₺11.9 Mil) to Dec. 2022 (₺2.4 Mil) and declined from Dec. 2022 (₺2.4 Mil) to Dec. 2023 (₺0.2 Mil).

Luks Kadife Ticaret Ve Ssanayii AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Luks Kadife Ticaret Ve Ssanayii 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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Luks Kadife Ticaret Ve Ssanayii AS Long-Term Capital Lease Obligation Chart

Luks Kadife Ticaret Ve Ssanayii AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.52

0.71

11.90

2.41

0.23

Luks Kadife Ticaret Ve Ssanayii 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															2.41	2.67	18.74	9.80	0.23

Luks Kadife Ticaret Ve Ssanayii AS (IST:LUKSK) 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.

Luks Kadife Ticaret Ve Ssanayii AS Long-Term Capital Lease Obligation Related Terms

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Luks Kadife Ticaret Ve Ssanayii AS (IST:LUKSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luks Kadife Ticaret Ve Ssanayii AS (IST:LUKSK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Merter Is Merkezi Maltepe Mh. General, Ali Riza Gurcan Cd, Eski Cirpici Sk. No 2, Kat 9 Merter, Istanbul, TUR

Website

http://www.lukskadife.com.tr

Luks Kadife Ticaret Ve Ssanayii AS is engaged in the manufacturing and distribution of various kinds of Velvet fabrics for Garment, Upholstery, Curtain and Decoration. It exports its 40 percent of the capacity to U.S.A., Germany, France and Italy among others.

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