Gulf General Investments Co PSC (DFM:GGICO) Long-Term Capital Lease Obligation : د.إ0.0 Mil (As of Mar. 2023)

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What is Gulf General Investments Co PSC Long-Term Capital Lease Obligation?

Gulf General Investments Co PSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was د.إ0.0 Mil.

Gulf General Investments Co PSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gulf General Investments Co PSC'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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Gulf General Investments Co PSC Long-Term Capital Lease Obligation Chart

Gulf General Investments Co PSC Annual Data

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Long-Term Capital Lease Obligation

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Gulf General Investments Co PSC Quarterly Data
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Gulf General Investments Co PSC (DFM:GGICO) 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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Gulf General Investments Co PSC (DFM:GGICO) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Gulf General Investments Co PSC (DFM:GGICO) » Definitions » Long-Term Capital Lease Obligation

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Address

Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE

Website

https://www.ggicouae.com

Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

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