Alef Education Holding (ADX:ALEFEDT) Long-Term Capital Lease Obligation : د.إ3.2 Mil (As of Dec. 2024)

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What is Alef Education Holding Long-Term Capital Lease Obligation?

Alef Education Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was د.إ3.2 Mil.

Alef Education Holding's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (د.إ4.7 Mil) to Sep. 2024 (د.إ3.9 Mil) and declined from Sep. 2024 (د.إ3.9 Mil) to Dec. 2024 (د.إ3.2 Mil).

Alef Education Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (د.إ0.0 Mil) to Dec. 2023 (د.إ0.2 Mil) and increased from Dec. 2023 (د.إ0.2 Mil) to Dec. 2024 (د.إ3.2 Mil).

Alef Education Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alef Education Holding'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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Alef Education Holding Long-Term Capital Lease Obligation Chart

Alef Education Holding Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.24

3.17

Alef Education Holding Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					0.24	0.01	4.68	3.94	3.17

Alef Education Holding (ADX:ALEFEDT) 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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Alef Education Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Alef Education Holding Plc (ADX:ALEFEDT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Muntazah - Ministries Complex, P.O. Box 769719, Abu Dhabi, ARE

Website

https://www.alefeducation.com

Alef Education Holding Plc is an EdTech company that designs impactful learning experiences for students customized to different curriculums. The company operates in three segments: The Education solution segment, which provides customers the right of access to the Group's learning platform. The Support and services segment includes ancillary services such as IT infrastructure setup and maintenance support and services, and the Financial investments segment pertains to the maintenance of the investment portfolio for returns based on market dynamics. The majority of its revenue is generated from the Education solution segment.

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