Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Long-Term Capital Lease Obligation : KWD4.8 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Ali Alghanim Sons Automotive Co KSC Long-Term Capital Lease Obligation?

Ali Alghanim Sons Automotive Co KSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD4.8 Mil.

Ali Alghanim Sons Automotive Co KSC's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (KWD4.4 Mil) to Dec. 2023 (KWD5.1 Mil) but then declined from Dec. 2023 (KWD5.1 Mil) to Mar. 2024 (KWD4.8 Mil).

Ali Alghanim Sons Automotive Co KSC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (KWD2.7 Mil) to Dec. 2022 (KWD3.9 Mil) and increased from Dec. 2022 (KWD3.9 Mil) to Dec. 2023 (KWD5.1 Mil).

Ali Alghanim Sons Automotive Co KSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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.

* Premium members only.

Ali Alghanim Sons Automotive Co KSC Long-Term Capital Lease Obligation Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.72

3.87

5.05

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							4.04	4.09	4.43	5.05	4.78

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) 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.

Ali Alghanim Sons Automotive Co KSC Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Ali Alghanim Sons Automotive Co KSC's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.