The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) Long-Term Capital Lease Obligation : BHD1.58 Mil (As of Mar. 2025)

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What is The Bahrain Ship Repairing & Engineering Co BSC Long-Term Capital Lease Obligation?

The Bahrain Ship Repairing & Engineering Co BSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was BHD1.58 Mil.

The Bahrain Ship Repairing & Engineering Co BSC's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (BHD1.42 Mil) to Dec. 2024 (BHD1.59 Mil) but then declined from Dec. 2024 (BHD1.59 Mil) to Mar. 2025 (BHD1.58 Mil).

The Bahrain Ship Repairing & Engineering Co BSC's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (BHD1.54 Mil) to Dec. 2023 (BHD1.47 Mil) but then increased from Dec. 2023 (BHD1.47 Mil) to Dec. 2024 (BHD1.59 Mil).

The Bahrain Ship Repairing & Engineering Co BSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Bahrain Ship Repairing & Engineering Co BSC'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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The Bahrain Ship Repairing & Engineering Co BSC Long-Term Capital Lease Obligation Chart

The Bahrain Ship Repairing & Engineering Co BSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1.64

1.61

1.54

1.47

1.59

The Bahrain Ship Repairing & Engineering Co BSC Quarterly Data
	Jun20	Sep20	Dec20	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															1.45	0.51	1.42	1.59	1.58

The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) 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.

The Bahrain Ship Repairing & Engineering Co BSC Long-Term Capital Lease Obligation Related Terms

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The Bahrain Ship Repairing & Engineering Co BSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » The Bahrain Ship Repairing & Engineering Co BSC (BAH:BASREC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Mina Salman Industrial Area, P.O. Box 568, Kingdom of Bahrain, Manama, BHR

Website

https://www.basrec.com

The Bahrain Ship Repairing & Engineering Co BSC is engaged in the business of providing repair and maintenance services to vessels operating in the Arabian Gulf and emergency repairs to the larger ocean-going ships. This includes container inspection services, pump repairs, as well as their subsidiary services. It operates as a division like a ship repair, small boat repair, teams Bahrain, containers. Its business segments include Ship repairing and investment, Trading, and Pump repairing, of which the majority of the revenue is generated from Ship repairing and investment segment.

The Bahrain Ship Repairing & Engineering Co BSC Headlines

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