Polynet PCL (BKK:POLY) Long-Term Capital Lease Obligation : ฿45.3 Mil (As of Mar. 2024)

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What is Polynet PCL Long-Term Capital Lease Obligation?

Polynet PCL's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿45.3 Mil.

Polynet PCL's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (฿57.7 Mil) to Dec. 2023 (฿51.5 Mil) and declined from Dec. 2023 (฿51.5 Mil) to Mar. 2024 (฿45.3 Mil).

Polynet PCL's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (฿66.8 Mil) to Dec. 2022 (฿73.0 Mil) but then declined from Dec. 2022 (฿73.0 Mil) to Dec. 2023 (฿51.5 Mil).

Polynet PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Polynet 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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Polynet PCL Long-Term Capital Lease Obligation Chart

Polynet PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

25.73

66.81

72.96

51.50

Polynet PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							71.55	63.89	57.68	51.50	45.34

Polynet PCL (BKK:POLY) 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.

Polynet PCL Long-Term Capital Lease Obligation Related Terms

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Polynet PCL (BKK:POLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polynet PCL (BKK:POLY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

888 Moo 11, Bangsaothong District, Bangsaothong Subdistrict, SamutPrakarn, THA, 10570

Website

https://www.polynet.co.th

Polynet PCL is engaged in the forming, manufacturing and distributing products related to rubber, plastic, silicone, molds for the automotive industry, medical tools and equipment and consumer products.