Petkim Petrokimya Holding AS (IST:PETKM) Long-Term Capital Lease Obligation : ₺544 Mil (As of Dec. 2023)

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What is Petkim Petrokimya Holding AS Long-Term Capital Lease Obligation?

Petkim Petrokimya Holding AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₺544 Mil.

Petkim Petrokimya Holding AS's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₺512 Mil) to Sep. 2023 (₺526 Mil) and increased from Sep. 2023 (₺526 Mil) to Dec. 2023 (₺544 Mil).

Petkim Petrokimya Holding AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₺263 Mil) to Dec. 2022 (₺332 Mil) and increased from Dec. 2022 (₺332 Mil) to Dec. 2023 (₺544 Mil).

Petkim Petrokimya Holding AS Long-Term Capital Lease Obligation Historical Data

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

Petkim Petrokimya Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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139.99

179.95

263.28

331.97

544.08

Petkim Petrokimya 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															331.97	425.72	511.87	526.00	544.08

Petkim Petrokimya Holding AS (IST:PETKM) 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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Petkim Petrokimya Holding AS (IST:PETKM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petkim Petrokimya Holding AS (IST:PETKM) » Definitions » Long-Term Capital Lease Obligation

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Address

Aliaga, P.O. Box 12, Izmir, TUR, 35800

Website

http://www.petkim.com.tr

Petkim Petrokimya Holding AS is a holding company, which through its subsidiaries, manufactures and sells a variety of petrochemicals, specialty chemicals, plastics, and chemical-based products. The firm's product portfolio includes polyvinyl chloride, or PVC, used in construction, polypropylene, polyethylene, glycols, and ethylene. The company's products are used in soaps, detergents, textiles, food and beverage packaging, retail goods packaging, water treatment, and airplane and railway de-icing. The vast majority of revenue comes from Turkey.

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