Dubai Financial Market PJSC (DFM:DFM) Long-Term Capital Lease Obligation : د.إ14.6 Mil (As of Mar. 2024)

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What is Dubai Financial Market PJSC Long-Term Capital Lease Obligation?

Dubai Financial Market PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ14.6 Mil.

Dubai Financial Market PJSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (د.إ3.5 Mil) to Dec. 2023 (د.إ2.3 Mil) but then increased from Dec. 2023 (د.إ2.3 Mil) to Mar. 2024 (د.إ14.6 Mil).

Dubai Financial Market PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ7.6 Mil) to Dec. 2022 (د.إ0.0 Mil) but then increased from Dec. 2022 (د.إ0.0 Mil) to Dec. 2023 (د.إ2.3 Mil).

Dubai Financial Market PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dubai Financial Market PJSC'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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Dubai Financial Market PJSC Long-Term Capital Lease Obligation Chart

Dubai Financial Market PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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26.66

17.16

7.57

2.34

Dubai Financial Market PJSC 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															-	3.42	3.48	2.34	14.59

Dubai Financial Market PJSC (DFM:DFM) 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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Dubai Financial Market PJSC (DFM:DFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Dubai Financial Market PJSC (DFM:DFM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 9700, Reception - Mezzanine Floor, Dubai World Trade Center Building, Dubai, ARE

Website

https://www.dfm.ae

Dubai Financial Market PJSC (DFM) operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company operates according to the principles of Sharia law. Revenue is derived from trading, investment, administration, and DFM's subsidiaries. Trading constitutes a majority of revenue.

Dubai Financial Market PJSC (DFM:DFM) Headlines

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