Response Plus Holding (ADX:RPM) Long-Term Capital Lease Obligation : د.إ0.4 Mil (As of Dec. 2023)

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What is Response Plus Holding Long-Term Capital Lease Obligation?

Response Plus Holding's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ0.4 Mil.

Response Plus Holding's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (د.إ0.6 Mil) to Jun. 2023 (د.إ0.3 Mil) but then increased from Jun. 2023 (د.إ0.3 Mil) to Dec. 2023 (د.إ0.4 Mil).

Response Plus Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ0.9 Mil) to Dec. 2022 (د.إ0.6 Mil) and declined from Dec. 2022 (د.إ0.6 Mil) to Dec. 2023 (د.إ0.4 Mil).

Response Plus Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Response Plus Holding'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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Response Plus Holding Long-Term Capital Lease Obligation Chart

Response Plus Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.91

0.60

0.40

Response Plus Holding Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.91	0.56	0.60	0.26	0.40

Response Plus Holding (ADX:RPM) 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.

Response Plus Holding Long-Term Capital Lease Obligation Related Terms

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Response Plus Holding (ADX:RPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Response Plus Holding (ADX:RPM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Burjeel Medical City, MBZ City, P.O. Box 130336, Zone D, 3rd Floor, Abu Dhabi, ARE

Website

https://rpm.ae

Response Plus Holding is engaged in the supply of manpower and medical equipment and the management of hospitals, clinics, and medical centers. The company's business activities are; healthcare services, investment in the healthcare-related business, investing in real estate and movables necessary for carrying out its activities, and management of affiliated companies. Geographically, it operates in the following markets; United Arab Emirates, Kingdom of Saudi Arabia, and Sultanate of Oman. Out of which a majority of its revenue comes from the United Arab Emirates market.