Trakya Camnayii AS (Trakya Camnayii AS) Long-Term Capital Lease Obligation : $17.57 Mil (As of Dec. 2020)

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What is Trakya Camnayii AS Long-Term Capital Lease Obligation?

Trakya Camnayii AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $17.57 Mil.

Trakya Camnayii AS's quarterly Long-Term Capital Lease Obligation increased from Jun. 2020 ($6.28 Mil) to Sep. 2020 ($18.14 Mil) but then declined from Sep. 2020 ($18.14 Mil) to Dec. 2020 ($17.57 Mil).

Trakya Camnayii AS's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($7.62 Mil) and increased from Dec. 2019 ($7.62 Mil) to Dec. 2020 ($17.57 Mil).

Trakya Camnayii AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Trakya Camnayii AS'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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Trakya Camnayii AS Long-Term Capital Lease Obligation Chart

Trakya Camnayii AS Annual Data

Trend

Dec11

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Dec20

Long-Term Capital Lease Obligation

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0.22

0.08

7.62

17.57

Trakya Camnayii AS Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.62	7.11	6.28	18.14	17.57

Trakya Camnayii AS (GREY:TRKCY) 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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Trakya Camnayii AS (Trakya Camnayii AS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trakya Cam Sanayii AS (GREY:TRKCY) » Definitions » Long-Term Capital Lease Obligation

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Address

Icmeler Mahallesi, D-100 Karayolu Caddesi, No: 44A, Tuzla, Istanbul, TUR, 34947

Website

http://www.sisecamduzcam.com

Trakya Cam Sanayii AS is a building materials company engaged in glass manufacturing. The company creates glass products that include solar glass, automobile glass, home appliance glass, and architectural glass. Trakya's solar glass is utilized for photovoltaics and thermal collectors, while its home appliance glass segment is used in ovens and refrigerators. The company's architectural glass segment is used in retail stores, high-rise buildings, and airports. These core offering are supplemented by other products, such as energy efficient glass, which utilizes heat controlled insulation. The company generates the majority of its revenue in Turkey.

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