Gul Ahmed Textile Mills (KAR:GATM) Long-Term Capital Lease Obligation : ₨3,134 Mil (As of Mar. 2024)

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What is Gul Ahmed Textile Mills Long-Term Capital Lease Obligation?

Gul Ahmed Textile Mills's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨3,134 Mil.

Gul Ahmed Textile Mills's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (₨3,583 Mil) to Dec. 2023 (₨3,109 Mil) but then increased from Dec. 2023 (₨3,109 Mil) to Mar. 2024 (₨3,134 Mil).

Gul Ahmed Textile Mills's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (₨3,279 Mil) to Jun. 2022 (₨3,050 Mil) and declined from Jun. 2022 (₨3,050 Mil) to Jun. 2023 (₨2,992 Mil).

Gul Ahmed Textile Mills Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gul Ahmed Textile 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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Gul Ahmed Textile Mills Long-Term Capital Lease Obligation Chart

Gul Ahmed Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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2,198.54

3,279.22

3,050.09

2,991.77

Gul Ahmed Textile 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															2,804.47	2,991.77	3,582.77	3,109.31	3,134.21

Gul Ahmed Textile Mills (KAR:GATM) 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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Gul Ahmed Textile Mills (KAR:GATM) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gul Ahmed Textile Mills Ltd (KAR:GATM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120

Website

https://www.gulahmed.com

Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

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