Umm Al Qaiwain General Investments Co (KUW:QIC) Long-Term Capital Lease Obligation : KWD0.00 Mil (As of Mar. 2024)

View and export this data going back to 1989. Start your Free Trial

What is Umm Al Qaiwain General Investments Co Long-Term Capital Lease Obligation?

Umm Al Qaiwain General Investments Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.00 Mil.

Umm Al Qaiwain General Investments Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Umm Al Qaiwain General Investments Co'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.

Umm Al Qaiwain General Investments Co Long-Term Capital Lease Obligation Chart

Umm Al Qaiwain General Investments Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

Umm Al Qaiwain General Investments Co 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															-	-	-	-	-

Umm Al Qaiwain General Investments Co (KUW:QIC) 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.

Umm Al Qaiwain General Investments Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Umm Al Qaiwain General Investments Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Umm Al Qaiwain General Investments Co (KUW:QIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Umm Al Qaiwain General Investments Co (KUW:QIC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

QIC:United Arab Emirates

Address

Al Ittihad Street, Fahad Al Salem Street, P.O.Box: 816, Building a Big Market Tower Floor 9, Al Raafah Kuwait: Al Dar Audit - Abdullah Muzaini, Umm Al-Qaiwain, ARE

Website

http://www.qic-uaq.ae

Umm Al Qaiwain General Investments Co is engaged in real estate enterprise investment, development, and institution and management, funds and stock investments. The commercial activities of the company include investment in lands, buildings, education, health sector, general investments, among others. The two geographical segments in which the company operates comprise of the United Arab Emirates and the Gulf Cooperation Council.

Umm Al Qaiwain General Investments Co (KUW:QIC) Headlines

No Headlines