TPL (KAR:TPL) Long-Term Capital Lease Obligation : ₨0.00 Mil (As of . 20)

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What is TPL Long-Term Capital Lease Obligation?

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

TPL Long-Term Capital Lease Obligation Historical Data

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

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Long-Term Capital Lease Obligation

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Long-Term Capital Lease Obligation

TPL (KAR:TPL) 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.

TPL Long-Term Capital Lease Obligation Related Terms

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TPL (KAR:TPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » TPL Corp Ltd (KAR:TPL) » Definitions » Long-Term Capital Lease Obligation

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Address

Abdul Sattar Edhi Avenue, Sky Tower – East Wing, 20th Floor, HC-3, Block 4, Clifton, Dolmen City, Karachi, SD, PAK

Website

https://www.tplcorp.com

TPL Corp Ltd is a company involved in vehicle tracking and fleet management services. The company operates its business through four segments including Tracking and other digital services segment which relates to installation and sales of tracking devices; Insurance segment including activities relating to general and life insurance business; Real estate and related services segment including premises given on rent and its related maintenance and All other segments including investments in Group company's security services and roadside assistance services.