PTwit Sumbermasrana Tbk (ISX:SSMS) Long-Term Capital Lease Obligation : Rp66,146 Mil (As of Mar. 2024)

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What is PTwit Sumbermasrana Tbk Long-Term Capital Lease Obligation?

PTwit Sumbermasrana Tbk's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was Rp66,146 Mil.

PTwit Sumbermasrana Tbk's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (Rp43,829 Mil) to Dec. 2023 (Rp64,545 Mil) and increased from Dec. 2023 (Rp64,545 Mil) to Mar. 2024 (Rp66,146 Mil).

PTwit Sumbermasrana Tbk's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (Rp10,375 Mil) to Dec. 2022 (Rp10,120 Mil) but then increased from Dec. 2022 (Rp10,120 Mil) to Dec. 2023 (Rp64,545 Mil).

PTwit Sumbermasrana Tbk Long-Term Capital Lease Obligation Historical Data

The historical data trend for PTwit Sumbermasrana 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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PTwit Sumbermasrana Tbk Long-Term Capital Lease Obligation Chart

PTwit Sumbermasrana Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5,175.73

10,374.60

10,120.46

64,545.31

PTwit Sumbermasrana Tbk 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															10,390.01	41,385.55	43,828.54	64,545.31	66,145.81

PTwit Sumbermasrana Tbk (ISX:SSMS) 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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PTwit Sumbermasrana Tbk (ISX:SSMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sawit Sumbermas Sarana Tbk (ISX:SSMS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

16S:Germany

Address

Jalan H. Udan Said Number 47, Kalimantan Tengah, Pangkalan Bun, IDN, 74113

Website

https://www.ssms.co.id

PT Sawit Sumbermas Sarana Tbk operates several palm oil plantations and mills in Southeast Asia. It acquired land by either purchasing, obtaining land permits, or through a licensing process. The company harvests and processes the crops into crude palm oil, palm kernels, and palm kernel oil. Performance and plantation management is consistently monitored by agronomists, plant engineers, and experienced management. To achieve optimal capacity at its mills, the company may purchase crude palm oil from local farmers. It markets, sells, and distributes products directly to consumers and implemented a system where its sales team negotiates the price and delivery terms for each sale.

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