Kohinoor Textile Mills (KAR:KTML) Long-Term Capital Lease Obligation : ₨34 Mil (As of Mar. 2024)

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What is Kohinoor Textile Mills Long-Term Capital Lease Obligation?

Kohinoor Textile Mills's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨34 Mil.

Kohinoor Textile Mills's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₨30 Mil) to Dec. 2023 (₨31 Mil) and increased from Dec. 2023 (₨31 Mil) to Mar. 2024 (₨34 Mil).

Kohinoor Textile Mills's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (₨0 Mil) to Jun. 2022 (₨27 Mil) and increased from Jun. 2022 (₨27 Mil) to Jun. 2023 (₨31 Mil).

Kohinoor Textile Mills Long-Term Capital Lease Obligation Historical Data

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

Kohinoor Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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27.14

31.41

Kohinoor 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															30.51	31.41	30.36	31.39	33.94

Kohinoor Textile Mills (KAR:KTML) 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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Kohinoor Textile Mills (KAR:KTML) Business Description

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

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Traded in Other Exchanges

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Address

42-Lawrence Road, Lahore, PB, PAK, 54000

Website

http://www.kmlg.com

Kohinoor Textile Mills Ltd is a company engaged in the manufacturing of yarn and cloth, processing and stitching the cloth, and trade of textile products. It operates through six divisions which comprise Spinning, Weaving, Processing and Home Textile. It is engaged in the production of yarns from natural and artificial fibers and greige fabrics for the manufacture of printed and dyed fabrics and home textile articles. The company generates maximum revenue from the Spinning segment.

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