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(Y.Z) Queenco (XTAE:QNCO) Long-Term Capital Lease Obligation : ₪0.00 Mil (As of . 20)


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What is (Y.Z) Queenco Long-Term Capital Lease Obligation?

(Y.Z) Queenco's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was ₪0.00 Mil.


(Y.Z) Queenco Long-Term Capital Lease Obligation Historical Data

The historical data trend for (Y.Z) Queenco'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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(Y.Z) Queenco Long-Term Capital Lease Obligation Chart

(Y.Z) Queenco Annual Data
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Long-Term Capital Lease Obligation

(Y.Z) Queenco Quarterly Data
Long-Term Capital Lease Obligation

(Y.Z) Queenco  (XTAE:QNCO) 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.

(Y.Z) Queenco Long-Term Capital Lease Obligation Related Terms

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(Y.Z) Queenco (XTAE:QNCO) Business Description

Traded in Other Exchanges
N/A
Address
Rogovin-Tidhar Tower, 11 Menachem Begin Street, Ramat Gan, ISR, 52521
(Y.Z) Queenco Ltd develops and own entertainment centers and casino. The company along with its subsidiaries operates and manages casinos in Greece, Cambodia, and Serbia. The company operates casinos and hotels with gaming tables, slots machines, hotels rooms, and suites. Its properties include Club Hotel Loutraki, Casino Rodos, Grand Casino Beograd, and Sihanoukville Cambodia.

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