Palms Sports PJSC (ADX:PALMS) Long-Term Capital Lease Obligation : د.إ7 Mil (As of Mar. 2025)

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What is Palms Sports PJSC Long-Term Capital Lease Obligation?

Palms Sports PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was د.إ7 Mil.

Palms Sports PJSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (د.إ11 Mil) to Dec. 2024 (د.إ9 Mil) and declined from Dec. 2024 (د.إ9 Mil) to Mar. 2025 (د.إ7 Mil).

Palms Sports PJSC's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (د.إ0 Mil) to Dec. 2023 (د.إ5 Mil) and increased from Dec. 2023 (د.إ5 Mil) to Dec. 2024 (د.إ9 Mil).

Palms Sports PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Palms Sports 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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Palms Sports PJSC Long-Term Capital Lease Obligation Chart

Palms Sports PJSC Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.48

4.78

8.73

Palms Sports PJSC Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													4.78	7.36	10.72	8.73	7.15

Palms Sports PJSC (ADX:PALMS) 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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Palms Sports PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Palms Sports PJSC (ADX:PALMS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, 4th Floor, Royal Group Head Office, P.O. 39877, Ministries Complex, Abu Dhabi, ARE

Website

https://www.palmssports.com

Palms Sports PJSC is a sports management and marketing company. It trades sports goods and provides sports enterprise investment, institution and management, and security guard services. The company has two reportable segments: income from guarding and cleaning services and Income from coaching and training services.

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