Orient Rental Modaraba (KAR:ORM) Long-Term Capital Lease Obligation : ₨0.00 Mil (As of . 20)

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What is Orient Rental Modaraba Long-Term Capital Lease Obligation?

Orient Rental Modaraba's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₨0.00 Mil.

Orient Rental Modaraba Long-Term Capital Lease Obligation Historical Data

The historical data trend for Orient Rental Modaraba'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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Orient Rental Modaraba Long-Term Capital Lease Obligation Chart

Orient Rental Modaraba Annual Data

Trend

Long-Term Capital Lease Obligation

Orient Rental Modaraba Semi-Annual Data

Long-Term Capital Lease Obligation

Orient Rental Modaraba (KAR:ORM) 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.

Orient Rental Modaraba Long-Term Capital Lease Obligation Related Terms

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Orient Rental Modaraba (KAR:ORM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Orient Rental Modaraba (KAR:ORM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

ICT Building, 4th Floor, Block 7 & 8, KCHSU, Shahrah-e-Faisal, Karachi, PAK

Website

https://www.orientmodaraba.com

Orient Rental Modaraba is engaged in providing equipment rental solutions, operation, and maintenance services. The equipment for rental includes a fleet of Power Generation Equipment, Commercial Vehicle, Material Handling Equipment and Construction Machinery. The rental solution is provided locally as well as internationally. It is also engaged in providing Operation and Maintenance (O and M) services to customers who own the equipment and require O and M service providers for maintenance.