Packages (KAR:PKGS) Long-Term Capital Lease Obligation : ₨138 Mil (As of Mar. 2024)

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What is Packages Long-Term Capital Lease Obligation?

Packages's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨138 Mil.

Packages's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₨170 Mil) to Dec. 2023 (₨140 Mil) and declined from Dec. 2023 (₨140 Mil) to Mar. 2024 (₨138 Mil).

Packages's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (₨322 Mil) to Dec. 2022 (₨280 Mil) and declined from Dec. 2022 (₨280 Mil) to Dec. 2023 (₨140 Mil).

Packages Long-Term Capital Lease Obligation Historical Data

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

Packages Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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619.56

435.51

321.56

279.79

140.31

Packages Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															305.28	160.86	169.73	140.31	137.51

Packages (KAR:PKGS) 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.

Packages Long-Term Capital Lease Obligation Related Terms

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Packages (KAR:PKGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packages Ltd (KAR:PKGS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shahrah-e-Roomi, P.O. Amer-Sidhu, Lahore, PAK, 54760

Website

https://www.packages.com.pk

Packages Ltd is a company that manufactures and sells packaging materials and tissue products & sanitary napkins. It operates through Packaging, Consumer Products, Ink, Real Estate, Paper, Paper board, and other unallocated segments. Its Business group is spread across various geographical regions which include Pakistan, Afghanistan, Bahrain, Bangladesh, Indonesia, Kenya, Mauritius, Oman, South Africa, Sri Lanka, and the UAE of which domestic country Pakistan accounts for a larger share of the revenue.

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