Hily Holding PJSC (ADX:HH) Long-Term Capital Lease Obligation : د.إ5.52 Mil (As of Dec. 2023)

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What is Hily Holding PJSC Long-Term Capital Lease Obligation?

Hily Holding PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ5.52 Mil.

Hily Holding PJSC's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (د.إ6.68 Mil) to Sep. 2023 (د.إ6.70 Mil) but then declined from Sep. 2023 (د.إ6.70 Mil) to Dec. 2023 (د.إ5.52 Mil).

Hily Holding PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ7.66 Mil) to Dec. 2022 (د.إ7.02 Mil) and declined from Dec. 2022 (د.إ7.02 Mil) to Dec. 2023 (د.إ5.52 Mil).

Hily Holding PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hily Holding 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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Hily Holding PJSC Long-Term Capital Lease Obligation Chart

Hily Holding PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.28

6.48

7.66

7.02

5.52

Hily Holding PJSC 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															7.02	7.35	6.68	6.70	5.52

Hily Holding PJSC (ADX:HH) 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.

Hily Holding PJSC Long-Term Capital Lease Obligation Related Terms

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Hily Holding PJSC (ADX:HH) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hily Holding PJSC (ADX:HH) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Mena Zayed, Plot 4332, P.O. Box 2378, Abu Dhabi, ARE

Website

https://www.hilyholding.com

Hily Holding PJSC Formerly Foodco Holding PJSC is engaged in the import and distribution of foodstuff and household items in the United Arab Emirates, along with investing, development, and management of the real estate and commercial enterprises. It is organized into the following business segments - Investing in securities ("Investment in securities"); ii) Investing in properties ("Investment properties"); iii) Marine, air, and land shipment services along with management and operation of store and warehouses ("Freight forwarding and storage"); and iv) Wholesale and distribution of food products ("Trading").

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