Professional Medical Expertise Co (SAU:9574) Long-Term Capital Lease Obligation : ﷼1.9 Mil (As of Dec. 2022)

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What is Professional Medical Expertise Co Long-Term Capital Lease Obligation?

Professional Medical Expertise Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼1.9 Mil.

Professional Medical Expertise Co's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 (﷼0.0 Mil) to . 20 (﷼0.0 Mil) but then increased from . 20 (﷼0.0 Mil) to Dec. 2022 (﷼1.9 Mil).

Professional Medical Expertise Co's annual Long-Term Capital Lease Obligation increased from . 20 (﷼0.0 Mil) to Dec. 2022 (﷼1.9 Mil) and increased from Dec. 2022 (﷼1.9 Mil) to Dec. 2023 (﷼2.6 Mil).

Professional Medical Expertise Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Professional Medical Expertise 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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Professional Medical Expertise Co Long-Term Capital Lease Obligation Chart

Professional Medical Expertise Co Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

1.89

2.58

Professional Medical Expertise Co Quarterly Data
	Dec22	Dec23
Long-Term Capital Lease Obligation	1.89	2.58

Professional Medical Expertise Co (SAU:9574) 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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Professional Medical Expertise Co (SAU:9574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Professional Medical Expertise Co (SAU:9574) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434

Website

https://www.promedex.com

Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

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