CPT Drives and Power PCL (BKK:CPT) Long-Term Capital Lease Obligation : ฿4 Mil (As of Mar. 2024)

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What is CPT Drives and Power PCL Long-Term Capital Lease Obligation?

CPT Drives and Power PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿4 Mil.

CPT Drives and Power PCL's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (฿3 Mil) to Dec. 2023 (฿4 Mil) but then declined from Dec. 2023 (฿4 Mil) to Mar. 2024 (฿4 Mil).

CPT Drives and Power PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (฿6 Mil) to Dec. 2022 (฿2 Mil) but then increased from Dec. 2022 (฿2 Mil) to Dec. 2023 (฿4 Mil).

CPT Drives and Power PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for CPT Drives and Power PCL'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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CPT Drives and Power PCL Long-Term Capital Lease Obligation Chart

CPT Drives and Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.11

7.65

6.46

1.89

3.83

CPT Drives and Power PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.29	0.20	2.90	3.83	3.64

CPT Drives and Power PCL (BKK:CPT) 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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CPT Drives and Power PCL (BKK:CPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CPT Drives and Power PCL (BKK:CPT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 230/7, Thetsabarnrungruknuer Road, Ladyao, Jattujak, Bangkok, THA, 10900

Website

https://www.cptthailand.com

CPT Drives and Power PCL is a Thailand-based company engaged in the distribution of electrical equipment and control systems. The company operates through three segments namely Production and distribution, Construction contracts, and Services. Its product consists of drives and automation such as soft starters, speed feedback devices and motion-controller, electrical power components comprising of contactors and relays, air circuit breakers and vacuum circuit breakers, and electric motors. The company's products are used in industrial plants, including the installation and construction of substations.