Nazir Cotton Mills (KAR:NCML) Long-Term Capital Lease Obligation : ₨0.00 Mil (As of . 20)

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What is Nazir Cotton Mills Long-Term Capital Lease Obligation?

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

Nazir Cotton Mills Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nazir Cotton 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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Nazir Cotton Mills Long-Term Capital Lease Obligation Chart

Nazir Cotton Mills Annual Data

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Nazir Cotton Mills Quarterly Data

Long-Term Capital Lease Obligation

Nazir Cotton Mills (KAR:NCML) 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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Nazir Cotton Mills (KAR:NCML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nazir Cotton Mills Ltd (KAR:NCML) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

61-K, Gulberg III, Lahore, PAK

Website

https://www.nazircotton.com

Nazir Cotton Mills Ltd is engaged in the production, selling, purchasing and trading of Yarn. The manufacturing unit of the company is located at Faisalabad Road, Aslamabad, Khareanwala, Sheikhupura. The company is the manufacturer of 31/S PC YARN.

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