Sitara Chemicals Industries (KAR:SITC) Long-Term Capital Lease Obligation : ₨0.00 Mil (As of . 20)

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What is Sitara Chemicals Industries Long-Term Capital Lease Obligation?

Sitara Chemicals Industries's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₨0.00 Mil.

Sitara Chemicals Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sitara Chemicals Industries'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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Sitara Chemicals Industries Long-Term Capital Lease Obligation Chart

Sitara Chemicals Industries Annual Data

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Sitara Chemicals Industries Quarterly Data

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Sitara Chemicals Industries (KAR:SITC) 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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Sitara Chemicals Industries (KAR:SITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sitara Chemicals Industries Ltd (KAR:SITC) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Mumtaz Hasan Road, 601-602 Business Centre, Karachi, SD, PAK, 74000

Website

https://www.sitara.com.pk

Sitara Chemicals Industries Ltd is engaged in the operation of the Chlor Alkali plant and yarn spinning unit. The firm is organized into two main divisions namely Chemical division and Textile division. Chemical division; manufactures & sells caustic soda & allied products such as ammonium chloride, bleaching powder & caustic soda flakes among others. Textile Division is into the manufacturing of yarn and trading of fabric.