Saudi Electricity Co (SAU:5110) Long-Term Capital Lease Obligation : ﷼287 Mil (As of Dec. 2023)

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What is Saudi Electricity Co Long-Term Capital Lease Obligation?

Saudi Electricity Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼287 Mil.

Saudi Electricity Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (﷼73 Mil) to Sep. 2023 (﷼141 Mil) and increased from Sep. 2023 (﷼141 Mil) to Dec. 2023 (﷼287 Mil).

Saudi Electricity Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼56 Mil) to Dec. 2022 (﷼61 Mil) and increased from Dec. 2022 (﷼61 Mil) to Dec. 2023 (﷼287 Mil).

Saudi Electricity Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Electricity 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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Saudi Electricity Co Long-Term Capital Lease Obligation Chart

Saudi Electricity Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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104.66

62.07

56.41

60.65

286.96

Saudi Electricity Co 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															60.65	75.91	72.77	141.15	286.96

Saudi Electricity Co (SAU:5110) 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 Electricity Co (SAU:5110) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Saudi Electricity Co (SAU:5110) » Definitions » Long-Term Capital Lease Obligation

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Address

Crossing of Al-Olaya Street, Rihana Bint Zaid Street, P. O. Box 22955, Al-Arid district, Riyadh, SAU, 11416

Website

https://www.se.com.sa

Saudi Electricity Co is principally engaged in the generation, transmission, and distribution of electrical power and customer service activities. The company provides its services to governmental, industrial, agricultural, commercial, and residential sectors. Saudi Electricity operates through three segments namely Generation segment which is involved in the generation and provision of electric power; Transmission segment which is engaged in the transmission of electrical power from generation stations using transmission network, to the distribution network and operation and maintenance of electricity transmission system; and Distribution and Subscriber services segment which includes receipt of electric power from the transmission network and distribution to the company's customers.

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