PT Krakatau Steel (Persero) Tbk (PT Krakatau Steel (Persero) Tbk) Long-Term Capital Lease Obligation : $2 Mil (As of Dec. 2023)

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What is PT Krakatau Steel (Persero) Tbk Long-Term Capital Lease Obligation?

PT Krakatau Steel (Persero) Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2 Mil.

PT Krakatau Steel (Persero) Tbk's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($1 Mil) to Sep. 2023 ($1 Mil) but then increased from Sep. 2023 ($1 Mil) to Dec. 2023 ($2 Mil).

PT Krakatau Steel (Persero) Tbk's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3 Mil) to Dec. 2022 ($4 Mil) but then declined from Dec. 2022 ($4 Mil) to Dec. 2023 ($2 Mil).

PT Krakatau Steel (Persero) Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PT Krakatau Steel (Persero) Tbk'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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PT Krakatau Steel (Persero) Tbk Long-Term Capital Lease Obligation Chart

PT Krakatau Steel (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.23

3.21

3.88

2.10

PT Krakatau Steel (Persero) Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.88	0.89	1.37	1.00	2.10

PT Krakatau Steel (Persero) Tbk (OTCPK:PKRKY) 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.

PT Krakatau Steel (Persero) Tbk Long-Term Capital Lease Obligation Related Terms

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PT Krakatau Steel (Persero) Tbk (PT Krakatau Steel (Persero) Tbk) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Krakatau Steel (Persero) Tbk (OTCPK:PKRKY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KRAS:Indonesia

Address

Jalan Industri No. 5, P.O. Box 14, Banten, Cilegon, IDN, 42435

Website

https://www.krakatausteel.com

PT Krakatau Steel (Persero) Tbk is a steel producer in Indonesia. The company's products include Hot Rolled Coil, Cold Rolled Coil, and Wire Rod. Along with its subsidiaries, the company produces steel products with specific requirements, including Spiral Pipe, Electrical Resistance Welding Pipe, Reinforcing Bars, and Section Steel, particularly for national defense infrastructure in Indonesia. Apart from steel products, it also offers some other services and side products. It operates in five segments: Steel Products; Infrastructure facilities segment; Engineering and Construction; and Other Services. It derives the majority of revenue from the Steel Products segment.

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