Al-Zarka Educational & Investment Co (AMM:ZEIC) Long-Term Capital Lease Obligation : JOD0.00 Mil (As of Mar. 2024)

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What is Al-Zarka Educational & Investment Co Long-Term Capital Lease Obligation?

Al-Zarka Educational & Investment Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD0.00 Mil.

Al-Zarka Educational & Investment Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al-Zarka Educational & 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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Al-Zarka Educational & Investment Co Long-Term Capital Lease Obligation Chart

Al-Zarka Educational & Investment Co Annual Data

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Long-Term Capital Lease Obligation

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Al-Zarka Educational & Investment Co Quarterly Data
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Al-Zarka Educational & Investment Co (AMM:ZEIC) 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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Al-Zarka Educational & Investment Co (AMM:ZEIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Al-Zarka Educational & Investment Co (AMM:ZEIC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Commercial Zone, P.O. Box 132222, Al-Zarqa, JOR, 13132

Website

http://www.zu.edu.jo

Al-Zarka Educational & Investment Co provides educational services. It is a private university located in Zarqa city. The university offers quality education that provides students with the knowledge and the essential skills need to upgrade academic achievements, achieve comprehensive and integrated development of their personalities, prepare them for the future and form their positive perspectives.

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