Umm Al Qaiwain General Investments Co (ADX:QIC) Long-Term Capital Lease Obligation : د.إ0.00 Mil (As of Sep. 2024)

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What is Umm Al Qaiwain General Investments Co Long-Term Capital Lease Obligation?

Umm Al Qaiwain General Investments Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was د.إ0.00 Mil.

Umm Al Qaiwain General Investments Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Umm Al Qaiwain General Investments Co'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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Umm Al Qaiwain General Investments Co Long-Term Capital Lease Obligation Chart

Umm Al Qaiwain General Investments Co Annual Data

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Long-Term Capital Lease Obligation

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Umm Al Qaiwain General Investments Co Quarterly Data
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Umm Al Qaiwain General Investments Co (ADX:QIC) 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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Umm Al Qaiwain General Investments Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Umm Al Qaiwain General Investments Co (ADX:QIC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

QIC:Kuwait

Address

Al Ittihad Street, Fahad Al Salem Street, P.O.Box: 816, Building a Big Market Tower Floor 9, Al Raafah Kuwait: Al Dar Audit - Abdullah Muzaini, Umm Al-Qaiwain, ARE

Website

http://www.qic-uaq.ae

Umm Al Qaiwain General Investments Co is engaged in real estate enterprise investment, development, and institution and management, funds and stock investments. The commercial activities of the company include investment in lands, buildings, education, health sector, general investments, among others. The two geographical segments in which the company operates comprise of the United Arab Emirates and the Gulf Cooperation Council.

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