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Paper Converting Co (XMAU:PCCL.I0000) Long-Term Capital Lease Obligation : MUR12.3 Mil (As of Dec. 2022)


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What is Paper Converting Co Long-Term Capital Lease Obligation?

Paper Converting Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was MUR12.3 Mil.

Paper Converting Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 (MUR4.0 Mil) to Dec. 2021 (MUR7.1 Mil) and increased from Dec. 2021 (MUR7.1 Mil) to Dec. 2022 (MUR12.3 Mil).

Paper Converting Co's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (MUR4.0 Mil) to Dec. 2021 (MUR7.1 Mil) and increased from Dec. 2021 (MUR7.1 Mil) to Dec. 2022 (MUR12.3 Mil).


Paper Converting Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Paper Converting Co'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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Paper Converting Co Long-Term Capital Lease Obligation Chart

Paper Converting Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 27.24 12.77 3.95 7.09 12.26

Paper Converting Co Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 27.24 12.77 3.95 7.09 12.26

Paper Converting Co  (XMAU:PCCL.I0000) 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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Paper Converting Co (XMAU:PCCL.I0000) Business Description

Traded in Other Exchanges
N/A
Address
Bonne Terre, Vacoas, MUS, 73304
Paper Converting Co Ltd is a manufacturer of tissue and toilet paper based in Mauritius. It offers a wide array of paper products with quality ranging from basic to premium. It produces toilet and tissue paper under the brand name Kleenex. Geographically, it generates the majority of its revenue from the domestic market.

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