Emirates Reem Investments Co PJSC (DFM:ERC) Long-Term Capital Lease Obligation : د.إ5.67 Mil (As of Jun. 2023)

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What is Emirates Reem Investments Co PJSC Long-Term Capital Lease Obligation?

Emirates Reem Investments Co PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was د.إ5.67 Mil.

Emirates Reem Investments Co PJSC's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (د.إ6.19 Mil) to Mar. 2023 (د.إ5.93 Mil) and declined from Mar. 2023 (د.إ5.93 Mil) to Jun. 2023 (د.إ5.67 Mil).

Emirates Reem Investments Co PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ7.86 Mil) to Dec. 2022 (د.إ6.19 Mil) and declined from Dec. 2022 (د.إ6.19 Mil) to Dec. 2023 (د.إ3.51 Mil).

Emirates Reem Investments Co PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Emirates Reem Investments Co PJSC'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.

Emirates Reem Investments Co PJSC Long-Term Capital Lease Obligation Chart

Emirates Reem Investments Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.12

5.45

7.86

6.19

3.51

Emirates Reem Investments Co PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.77	6.19	5.93	5.67	3.51

Emirates Reem Investments Co PJSC (DFM:ERC) 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.

Emirates Reem Investments Co PJSC Long-Term Capital Lease Obligation Related Terms

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Emirates Reem Investments Co PJSC (DFM:ERC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Emirates Reem Investments Co PJSC (DFM:ERC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Awir, P.O. Box 5567, Dubai, ARE

Website

http://www.erc.jeemawater.com

Emirates Reem Investments Co PJSC Formerly Emirates Refreshments Co is engaged in bottling and selling mineral water and carbonated soft drinks as well as manufacturing plastic bottles and containers. The company operates in a single business segment that is Bottling, Distribution, and Trading of Mineral Water and Carbonated Soft Drinks. It markets and sells its products under the Jeema brand name.

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