Hinopak Motors (KAR:HINO) Long-Term Capital Lease Obligation : ₨0 Mil (As of Dec. 2024)

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What is Hinopak Motors Long-Term Capital Lease Obligation?

Hinopak Motors's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₨0 Mil.

Hinopak Motors's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (₨7 Mil) to Mar. 2023 (₨0 Mil) but then stayed the same from Mar. 2023 (₨0 Mil) to Mar. 2024 (₨0 Mil).

Hinopak Motors Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hinopak Motors'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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Hinopak Motors Long-Term Capital Lease Obligation Chart

Hinopak Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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14.01

6.78

Hinopak Motors Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Hinopak Motors (KAR:HINO) 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.

Hinopak Motors Long-Term Capital Lease Obligation Related Terms

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Hinopak Motors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hinopak Motors Ltd (KAR:HINO) » Definitions » Long-Term Capital Lease Obligation

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Address

D-2 S.I.T.E. Manghopir Road, P.O. Box No. 10714, Karachi, SD, PAK, 75700

Website

https://www.hinopak.com

Hinopak Motors Ltd engages in the assembling, manufacturing, and marketing of Hino diesel trucks and buses in Pakistan. The company's bus range includes Roadliner Supreme Luxury Bus for long journeys, Citiliner Intercity Buses, Citiliner Urban Buses, luxury Senator Coach and Rapidliner Deluxe Coach. Its truck range includes Hino 300 Series, Hino 500 Series, and Prime Movers. The company's specialized vehicles are engaged in the hauling of a variety of supplies like food, equipment, and machinery, virtually from any location to any destination.

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