Pakistan International Airlines (KAR:PIAA) Long-Term Capital Lease Obligation : ₨21,799 Mil (As of Jun. 2023)

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What is Pakistan International Airlines Long-Term Capital Lease Obligation?

Pakistan International Airlines's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₨21,799 Mil.

Pakistan International Airlines's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (₨16,326 Mil) to Mar. 2023 (₨19,502 Mil) and increased from Mar. 2023 (₨19,502 Mil) to Jun. 2023 (₨21,799 Mil).

Pakistan International Airlines's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₨8,316 Mil) to Dec. 2021 (₨10,348 Mil) and increased from Dec. 2021 (₨10,348 Mil) to Dec. 2022 (₨16,326 Mil).

Pakistan International Airlines Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pakistan International Airlines'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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Pakistan International Airlines Long-Term Capital Lease Obligation Chart

Pakistan International Airlines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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172.77

15,539.91

8,316.07

10,348.38

16,326.40

Pakistan International Airlines Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															13,539.22	15,453.77	16,326.40	19,502.41	21,799.47

Pakistan International Airlines (KAR:PIAA) 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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Pakistan International Airlines (KAR:PIAA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pakistan International Airlines Corp Ltd (KAR:PIAA) » Definitions » Long-Term Capital Lease Obligation

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PIAB:Pakistan

Address

PIA Building, Jinnah International Airport, Karachi, PAK, 75200

Website

https://www.piac.com.pk

Pakistan International Airlines Corp Ltd provides commercial air transportation services. It includes passenger, cargo postal carriage, engineering, and other services.

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