Aisha Steel Mills (KAR:ASL) Long-Term Capital Lease Obligation : ₨165 Mil (As of Mar. 2024)

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What is Aisha Steel Mills Long-Term Capital Lease Obligation?

Aisha Steel Mills's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨165 Mil.

Aisha Steel Mills's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₨131 Mil) to Dec. 2023 (₨151 Mil) and increased from Dec. 2023 (₨151 Mil) to Mar. 2024 (₨165 Mil).

Aisha Steel Mills's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (₨52 Mil) to Jun. 2022 (₨122 Mil) and increased from Jun. 2022 (₨122 Mil) to Jun. 2023 (₨141 Mil).

Aisha Steel Mills Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aisha Steel Mills'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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Aisha Steel Mills Long-Term Capital Lease Obligation Chart

Aisha Steel Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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37.21

35.16

52.25

121.66

140.72

Aisha Steel Mills 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															123.27	140.72	131.06	151.00	165.24

Aisha Steel Mills (KAR:ASL) 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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Aisha Steel Mills (KAR:ASL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aisha Steel Mills Ltd (KAR:ASL) » Definitions » Long-Term Capital Lease Obligation

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ASLPS.PFD:Pakistan

Address

23 M.T. Khan Road, 1st Floor, Arif Habib Center, Karachi, SD, PAK, 74000

Website

https://www.aishasteel.com

Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe, Asia and Africa. The majority of revenue is derived from Pakistan.

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