Abdullah Al Othaim Markets Co (SAU:4001) Long-Term Capital Lease Obligation : ﷼1,933 Mil (As of Mar. 2024)

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What is Abdullah Al Othaim Markets Co Long-Term Capital Lease Obligation?

Abdullah Al Othaim Markets Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼1,933 Mil.

Abdullah Al Othaim Markets Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼1,809 Mil) to Dec. 2023 (﷼1,904 Mil) and increased from Dec. 2023 (﷼1,904 Mil) to Mar. 2024 (﷼1,933 Mil).

Abdullah Al Othaim Markets Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼1,374 Mil) to Dec. 2022 (﷼1,574 Mil) and increased from Dec. 2022 (﷼1,574 Mil) to Dec. 2023 (﷼1,904 Mil).

Abdullah Al Othaim Markets Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Abdullah Al Othaim Markets 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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Abdullah Al Othaim Markets Co Long-Term Capital Lease Obligation Chart

Abdullah Al Othaim Markets Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,133.07

1,279.56

1,374.04

1,574.27

1,903.57

Abdullah Al Othaim Markets 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															1,730.14	1,790.52	1,808.91	1,903.57	1,933.24

Abdullah Al Othaim Markets Co (SAU:4001) 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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Abdullah Al Othaim Markets Co (SAU:4001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Abdullah Al Othaim Markets Co (SAU:4001) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arabia Rabwah Eastern Ring Road, P.O. Box 41700, Riyadh, SAU, 11531

Website

https://www.othaimmarkets.com

Abdullah Al Othaim Markets Co is engaged in the wholesale and retail trade of food, fish, meat, agricultural products, livestock and household items. It is also involved in establishing, managing, operating and maintaining supermarkets, commercial complexes, and bakeries, providing cooked and uncooked catering services, and managing training and educational centers, in addition to acquiring lands to construct buildings for lease or sale for the interest of the company. It operates in the segments of Retail and whole trading of food supplies, in addition to Leasing commercial centers for the purpose of investment for the interest of the company through sale or leasing. It operates in the Kingdom of Saudi Arabia and Egypt and derives key revenue from Retail and wholesale activities.

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