Sapphire Textile Mills (KAR:SAPT) Long-Term Capital Lease Obligation : ₨2,663 Mil (As of Mar. 2024)

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

Sapphire Textile Mills's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨2,663 Mil.

Sapphire Textile Mills's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₨2,303 Mil) to Dec. 2023 (₨2,705 Mil) but then declined from Dec. 2023 (₨2,705 Mil) to Mar. 2024 (₨2,663 Mil).

Sapphire Textile Mills's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (₨2,370 Mil) to Jun. 2022 (₨2,762 Mil) but then declined from Jun. 2022 (₨2,762 Mil) to Jun. 2023 (₨2,435 Mil).

Sapphire Textile Mills Long-Term Capital Lease Obligation Historical Data

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

Sapphire Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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10.65

2,016.77

2,369.61

2,762.26

2,434.83

Sapphire 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															2,540.59	2,434.83	2,302.68	2,705.20	2,663.42

Sapphire Textile Mills (KAR:SAPT) 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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Sapphire Textile Mills (KAR:SAPT) Business Description

Industry

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

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Traded in Other Exchanges

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Address

I. I. Chundrigar Road, 212, Cotton Exchange Building, Karachi, SD, PAK

Website

https://www.sapphire.com.pk/stml

Sapphire Textile Mills Ltd is the company mainly involved in the manufacturing and sale of yarn, fabrics, home textile products, finishing and printing of fabrics. Its segments include Spinning, Weaving, Processing, printing, Home Textile & Textile Retail, and Power Generation. Geographically, it generates the majority of the revenue from the domestic market.

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