Al-Abbas Sugar Mills (KAR:AABS) Long-Term Capital Lease Obligation : ₨0.00 Mil (As of . 20)

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What is Al-Abbas Sugar Mills Long-Term Capital Lease Obligation?

Al-Abbas Sugar Mills's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₨0.00 Mil.

Al-Abbas Sugar Mills Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al-Abbas Sugar Mills'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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Al-Abbas Sugar Mills Long-Term Capital Lease Obligation Chart

Al-Abbas Sugar Mills Annual Data

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Al-Abbas Sugar Mills Quarterly Data

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Al-Abbas Sugar Mills (KAR:AABS) 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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Al-Abbas Sugar Mills (KAR:AABS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Al-Abbas Sugar Mills Ltd (KAR:AABS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

R.Y. 16, Old Queens Road, 2nd Floor, Pardesi House, Survey No. 2/1, Karachi, SD, PAK, 74000

Website

https://www.aasml.com

Al-Abbas Sugar Mills Ltd is engaged in the manufacturing of sugar and its byproducts. The company's reportable segments are Sugar, Ethanol and Storage Tank Terminal. The company's products include White refined sugar, Molasses, Bagasse, Ethanol and others.

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