Sonmez Pamuklunayii AS (IST:SNPAM) Long-Term Capital Lease Obligation : ₺4.8 Mil (As of Sep. 2023)

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What is Sonmez Pamuklunayii AS Long-Term Capital Lease Obligation?

Sonmez Pamuklunayii AS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺4.8 Mil.

Sonmez Pamuklunayii AS's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (₺13.6 Mil) to Jun. 2023 (₺11.5 Mil) and declined from Jun. 2023 (₺11.5 Mil) to Sep. 2023 (₺4.8 Mil).

Sonmez Pamuklunayii AS's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (₺33.9 Mil) to Dec. 2021 (₺26.9 Mil) but then increased from Dec. 2021 (₺26.9 Mil) to Dec. 2022 (₺49.2 Mil).

Sonmez Pamuklunayii AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sonmez Pamuklunayii 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.

Sonmez Pamuklunayii AS Long-Term Capital Lease Obligation Chart

Sonmez Pamuklunayii AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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38.30

33.69

33.87

26.86

49.24

Sonmez Pamuklunayii AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.51	49.24	13.59	11.53	4.78

Sonmez Pamuklunayii AS (IST:SNPAM) 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.

Sonmez Pamuklunayii AS Long-Term Capital Lease Obligation Related Terms

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Sonmez Pamuklunayii AS (IST:SNPAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sonmez Pamuklu Sanayii AS (IST:SNPAM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

1476 Sokak No:2, Aksoy Residence Kat:13 D:42, Alsancak, Izmir, TUR

Website

http://www.sonmezholding.com.tr

Sonmez Pamuklu Sanayii AS is engaged in the manufacture and marketing of cotton, cotton type artificial and synthetic yarns and circular-knit fabrics, as well as in fabric dyeing.

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