Saudi Chemical Co (SAU:2230) Long-Term Capital Lease Obligation : ﷼10 Mil (As of Mar. 2024)

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What is Saudi Chemical Co Long-Term Capital Lease Obligation?

Saudi Chemical Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼10 Mil.

Saudi Chemical Co's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2023 (﷼11 Mil) to Dec. 2023 (﷼11 Mil) but then declined from Dec. 2023 (﷼11 Mil) to Mar. 2024 (﷼10 Mil).

Saudi Chemical Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼8 Mil) to Dec. 2022 (﷼14 Mil) but then declined from Dec. 2022 (﷼14 Mil) to Dec. 2023 (﷼11 Mil).

Saudi Chemical Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Chemical 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.

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Saudi Chemical Co Long-Term Capital Lease Obligation Chart

Saudi Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.39

8.32

7.86

13.75

11.16

Saudi Chemical 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															12.23	11.54	11.16	11.16	10.08

Saudi Chemical Co (SAU:2230) 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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Saudi Chemical Co (SAU:2230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Saudi Chemical Co (SAU:2230) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

7632 Al-Ihsa Rd, Al-Malaz, P.O. Box 2665, Riyadh, SAU, 11461

Website

https://www.saudichemical.com

Saudi Chemical Co, along with its subsidiaries, is engaged in the manufacturing and distribution of explosives and their derivatives. Its other business operations include providing technical support services in explosions, wholesale and retail trading in medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment, supplies of hospitals and medical centers, and manufacture of ammonium nitrate. The company operates in three segments: Explosives, Medicines & medical supplies, and Production of Ammonium Nitrate.

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