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Easy Lease Motor Cycle Rental PRJSC (ADX:EASYLEASE) Long-Term Capital Lease Obligation : د.إ0.00 Mil (As of . 20)


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What is Easy Lease Motor Cycle Rental PRJSC Long-Term Capital Lease Obligation?

Easy Lease Motor Cycle Rental PRJSC's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was د.إ0.00 Mil.

Easy Lease Motor Cycle Rental PRJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Easy Lease Motor Cycle Rental PRJSC'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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Easy Lease Motor Cycle Rental PRJSC Long-Term Capital Lease Obligation Chart

Easy Lease Motor Cycle Rental PRJSC Annual Data
Trend
Long-Term Capital Lease Obligation

Easy Lease Motor Cycle Rental PRJSC Semi-Annual Data
Long-Term Capital Lease Obligation

Easy Lease Motor Cycle Rental PRJSC  (ADX:EASYLEASE) 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.

Easy Lease Motor Cycle Rental PRJSC Long-Term Capital Lease Obligation Related Terms

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Easy Lease Motor Cycle Rental PRJSC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Easy Lease Motor Cycle Rental PRJSC (ADX:EASYLEASE) » Definitions » Long-Term Capital Lease Obligation
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Address
Al Nouf Tower 1004, Deira, P.O. Box 333367, Dubai, ARE
Website
https://www.easylease.ae
Easy Lease Motor Cycle Rental PRJSC is engaged in the business of motorcycle leasing. It offers a full-service, all-in motorcycle lease where clients pay as they go and not worry about the hassles of maintenance, upkeep, and overheads.

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