Specialized Trading & Investment Co (AMM:SPTI) Long-Term Capital Lease Obligation : JOD0.00 Mil (As of . 20)

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What is Specialized Trading & Investment Co Long-Term Capital Lease Obligation?

Specialized Trading & Investment Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was JOD0.00 Mil.

Specialized Trading & Investment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Specialized Trading & Investment 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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Specialized Trading & Investment Co Long-Term Capital Lease Obligation Chart

Specialized Trading & Investment Co Annual Data

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Long-Term Capital Lease Obligation

Specialized Trading & Investment Co Semi-Annual Data

Long-Term Capital Lease Obligation

Specialized Trading & Investment Co (AMM:SPTI) 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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Specialized Trading & Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Specialized Trading & Investment Co PLC (AMM:SPTI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Wadi Saqra - Arar Street, P.O.Box 121, Building No. 231, Fifth Floor, Office No. 2, Al-Rakeem, Amman, JOR, 11591

Website

https://www.sti-store.com

Specialized Trading & Investment Co PLC provides sports turf and synthetic grass solutions. It trades artificial grass, supplying and installing various sports grounds of different shapes and sizes, as well as artificial plants and trees, pots, and gym equipment. The company's product portfolio comprises vases, speed vests, men's weight vests, resistance bands, artificial trees, artificial hedge frames, and artificial walls, among others.