Alcomet AD (XBUL:ALCM) Long-Term Capital Lease Obligation : лв5.4 Mil (As of Dec. 2022)

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What is Alcomet AD Long-Term Capital Lease Obligation?

Alcomet AD's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was лв5.4 Mil.

Alcomet AD's quarterly Long-Term Capital Lease Obligation declined from Dec. 2020 (лв8.8 Mil) to Dec. 2021 (лв7.1 Mil) and declined from Dec. 2021 (лв7.1 Mil) to Dec. 2022 (лв5.4 Mil).

Alcomet AD's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (лв8.8 Mil) to Dec. 2021 (лв7.1 Mil) and declined from Dec. 2021 (лв7.1 Mil) to Dec. 2022 (лв5.4 Mil).

Alcomet AD Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alcomet AD'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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Alcomet AD Long-Term Capital Lease Obligation Chart

Alcomet AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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4.96

8.77

7.08

5.39

Alcomet AD Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	4.96	8.77	7.08	5.39

Alcomet AD (XBUL:ALCM) 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.

Alcomet AD Long-Term Capital Lease Obligation Related Terms

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Alcomet AD (XBUL:ALCM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcomet AD (XBUL:ALCM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Second Industrial Zone, Shumen, BGR, 9700

Website

https://www.alcomet.eu

Alcomet AD is a Bulgaria-based company, which is primarily engaged in the production of aluminium extruded and rolled products. Its operation includes production and sale of castings, rolled and extruded aluminum products, used in machine building, construction, food industry, among others. The company offers its product under various categories namely foundry, rolled, press and packaging products. Its product range includes cast billets and coils, aluminum sheets, strips and foils, extruded profiles, bars and tubes, as well as powder coating sheets, and tubes. Alcomet products sold in both Bulgarian and overseas market.

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