Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Short-Term Capital Lease Obligation : KWD2.0 Mil (As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Short-Term Capital Lease Obligation?

Ali Alghanim Sons Automotive Co KSC's Short-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD2.0 Mil.

Ali Alghanim Sons Automotive Co KSC's quarterly Short-Term Capital Lease Obligation increased from Sep. 2023 (KWD2.0 Mil) to Dec. 2023 (KWD2.2 Mil) but then declined from Dec. 2023 (KWD2.2 Mil) to Mar. 2024 (KWD2.0 Mil).

Ali Alghanim Sons Automotive Co KSC's annual Short-Term Capital Lease Obligation increased from Dec. 2021 (KWD1.4 Mil) to Dec. 2022 (KWD1.5 Mil) and increased from Dec. 2022 (KWD1.5 Mil) to Dec. 2023 (KWD2.2 Mil).

Ali Alghanim Sons Automotive Co KSC Short-Term Capital Lease Obligation Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC's Short-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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Ali Alghanim Sons Automotive Co KSC Short-Term Capital Lease Obligation Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Short-Term Capital Lease Obligation

1.37

1.47

2.18

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial							1.73	1.75	1.97	2.18	2.03

Ali Alghanim Sons Automotive Co KSC Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

Ali Alghanim Sons Automotive Co KSC Short-Term Capital Lease Obligation Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Short-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.