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PT Atlantis Subsea Indonesia Tbk (ISX:ATLA) Long-Term Capital Lease Obligation : Rp471 Mil (As of Sep. 2023)


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What is PT Atlantis Subsea Indonesia Tbk Long-Term Capital Lease Obligation?

PT Atlantis Subsea Indonesia Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was Rp471 Mil.

PT Atlantis Subsea Indonesia Tbk's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2022 (Rp0 Mil) to Dec. 2022 (Rp0 Mil) but then increased from Dec. 2022 (Rp0 Mil) to Sep. 2023 (Rp471 Mil).

PT Atlantis Subsea Indonesia Tbk's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (Rp111 Mil) to Dec. 2021 (Rp451 Mil) but then declined from Dec. 2021 (Rp451 Mil) to Dec. 2022 (Rp0 Mil).

PT Atlantis Subsea Indonesia Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT Atlantis Subsea Indonesia Tbk'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.

PT Atlantis Subsea Indonesia Tbk Long-Term Capital Lease Obligation Chart

PT Atlantis Subsea Indonesia Tbk Annual Data
Trend Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
110.55 450.55 -

PT Atlantis Subsea Indonesia Tbk Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23
Long-Term Capital Lease Obligation 110.55 450.55 - - 470.75

PT Atlantis Subsea Indonesia Tbk  (ISX:ATLA) 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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PT Atlantis Subsea Indonesia Tbk (ISX:ATLA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Atlantis Subsea Indonesia Tbk (ISX:ATLA) » Definitions » Long-Term Capital Lease Obligation
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Address
Jalan Tebet Barat Dalam Raya No. 6, South Jakarta, IDN, 12810
Website
https://atlantissubsea.com
PT Atlantis Subsea Indonesia Tbk provides specialist multi-disciplinary survey support, and provides solutions for the Oil and Gas, Energy & Renewable Energy and Marine Infrastructure sectors. It provides safe, high quality and integrated innovative services and technology engaged in surveys and services for energy companies.

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