Net Holding AS (IST:NTHOL) Long-Term Capital Lease Obligation : ₺1,237 Mil (As of Dec. 2023)

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What is Net Holding AS Long-Term Capital Lease Obligation?

Net Holding AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺1,237 Mil.

Net Holding AS's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₺119 Mil) to Sep. 2023 (₺124 Mil) and increased from Sep. 2023 (₺124 Mil) to Dec. 2023 (₺1,237 Mil).

Net Holding AS's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₺180 Mil) to Dec. 2022 (₺172 Mil) but then increased from Dec. 2022 (₺172 Mil) to Dec. 2023 (₺1,237 Mil).

Net Holding AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Net Holding 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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Net Holding AS Long-Term Capital Lease Obligation Chart

Net Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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246.69

222.63

179.71

172.27

1,237.12

Net Holding 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															172.27	100.09	118.78	123.65	1,237.12

Net Holding AS (IST:NTHOL) 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.

Net Holding AS Long-Term Capital Lease Obligation Related Terms

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Net Holding AS (IST:NTHOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Net Holding AS (IST:NTHOL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337

Website

https://www.netholding.com

Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.

Net Holding AS (IST:NTHOL) Headlines

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