Saudi Basic Industries (SAU:2010) Long-Term Capital Lease Obligation : ﷼4,622 Mil (As of Dec. 2023)

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What is Saudi Basic Industries Long-Term Capital Lease Obligation?

Saudi Basic Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼4,622 Mil.

Saudi Basic Industries's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (﷼0 Mil) to Sep. 2023 (﷼0 Mil) but then increased from Sep. 2023 (﷼0 Mil) to Dec. 2023 (﷼4,622 Mil).

Saudi Basic Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼5,468 Mil) to Dec. 2022 (﷼5,469 Mil) but then declined from Dec. 2022 (﷼5,469 Mil) to Dec. 2023 (﷼4,622 Mil).

Saudi Basic Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Basic Industries'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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Saudi Basic Industries Long-Term Capital Lease Obligation Chart

Saudi Basic Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5,253.59

4,637.65

5,467.68

5,469.46

4,622.46

Saudi Basic Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5,469.46	-	-	-	4,622.46

Saudi Basic Industries (SAU:2010) 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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Saudi Basic Industries (SAU:2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Basic Industries Corp (SAU:2010) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qurtubah District, P.O. Box 5101, Riyadh, SAU, 11422

Website

http://www.sabic.com

Saudi Basic Industries Corp is a chemical manufacturer in Saudi Arabia. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. In Petrochemicals and Specialties segment products are produced from hydrocarbon feedstock including methane, ethane, and propane, it also includes the production of a range of fertilisers; including urea, ammonia, phosphate, as well as compound fertilisers. The Hadeed is concerned with production of steel products, long products and flat products. The company derives maximum revenue from Petrochemicals and Specialties segment. Geographically, it generates maximum revenue from Europe.

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