Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Long-Term Capital Lease Obligation : د.إ6.5 Mil (As of Dec. 2021)

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What is Al Seer Marine Supplies & Equipment PJSC Long-Term Capital Lease Obligation?

Al Seer Marine Supplies & Equipment PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was د.إ6.5 Mil.

Al Seer Marine Supplies & Equipment PJSC's quarterly Long-Term Capital Lease Obligation increased from . 20 (د.إ0.0 Mil) to Dec. 2020 (د.إ6.9 Mil) but then declined from Dec. 2020 (د.إ6.9 Mil) to Dec. 2021 (د.إ6.5 Mil).

Al Seer Marine Supplies & Equipment PJSC's annual Long-Term Capital Lease Obligation increased from . 20 (د.إ0.0 Mil) to Dec. 2020 (د.إ6.9 Mil) but then declined from Dec. 2020 (د.إ6.9 Mil) to Dec. 2021 (د.إ6.5 Mil).

Al Seer Marine Supplies & Equipment PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al Seer Marine Supplies & Equipment PJSC'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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Al Seer Marine Supplies & Equipment PJSC Long-Term Capital Lease Obligation Chart

Al Seer Marine Supplies & Equipment PJSC Annual Data

Trend

Dec20

Dec21

Long-Term Capital Lease Obligation

6.88

6.53

Al Seer Marine Supplies & Equipment PJSC Semi-Annual Data
	Dec20	Dec21
Long-Term Capital Lease Obligation	6.88	6.53

Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) 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.

Al Seer Marine Supplies & Equipment PJSC Long-Term Capital Lease Obligation Related Terms

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Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number A-20, Sector MW-5, P.O. Box 33639, Mussafah Industrial City, Abu Dhabi, ARE

Website

https://www.alseermarine.ae

Al Seer Marine Supplies & Equipment PJSC is a marine company in the Arabian maritime region, with a portfolio of services that caters to all needs of boat owners, managers and crew. The services of the company include Boat Building, Maintenance Services, Yacht Management, Training Institute, and Maintenance services among others.