GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Saudi Telecom Co (SAU:7010) » Definitions » Long-Term Capital Lease Obligation

Saudi Telecom Co (SAU:7010) Long-Term Capital Lease Obligation : ﷼3,218 Mil (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

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

Saudi Telecom Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼3,218 Mil.

Saudi Telecom Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼2,866 Mil) to Dec. 2023 (﷼3,252 Mil) but then declined from Dec. 2023 (﷼3,252 Mil) to Mar. 2024 (﷼3,218 Mil).

Saudi Telecom Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼2,354 Mil) to Dec. 2022 (﷼2,383 Mil) and increased from Dec. 2022 (﷼2,383 Mil) to Dec. 2023 (﷼3,252 Mil).


Saudi Telecom Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Telecom 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.

Saudi Telecom Co Long-Term Capital Lease Obligation Chart

Saudi Telecom Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,164.42 2,237.85 2,353.59 2,383.21 3,251.54

Saudi Telecom 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,466.68 2,371.79 2,865.68 3,251.54 3,217.62

Saudi Telecom Co  (SAU:7010) 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.

Saudi Telecom Co Long-Term Capital Lease Obligation Related Terms

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


Saudi Telecom Co (SAU:7010) Business Description

Traded in Other Exchanges
N/A
Address
P.O.Box 87912, Riyadh, SAU, 11652
Saudi Telecom Co offers telecommunications, information and media services that establish, manage, operates and maintains fixed and mobile telecommunication networks and systems to customers. The company manufactures and markets devices, equipment, and components of different telecommunication networks including fixed, moving and special networks, and computer programs and the other intellectual properties. It is also engaged in real estate investment and the resulting activities, such as selling, buying, leasing, managing, developing and maintenance. The majority of the revenue is generated from Saudi Arabia.

Saudi Telecom Co (SAU:7010) Headlines

No Headlines