Seef Properties BSC (BAH:SEEF) Long-Term Capital Lease Obligation : BHD2.45 Mil (As of Mar. 2024)

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What is Seef Properties BSC Long-Term Capital Lease Obligation?

Seef Properties BSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD2.45 Mil.

Seef Properties BSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (BHD2.46 Mil) to Dec. 2023 (BHD2.45 Mil) and declined from Dec. 2023 (BHD2.45 Mil) to Mar. 2024 (BHD2.45 Mil).

Seef Properties BSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (BHD2.48 Mil) to Dec. 2022 (BHD2.47 Mil) and declined from Dec. 2022 (BHD2.47 Mil) to Dec. 2023 (BHD2.45 Mil).

Seef Properties BSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seef Properties 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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Seef Properties BSC Long-Term Capital Lease Obligation Chart

Seef Properties BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.51

2.49

2.48

2.47

2.45

Seef Properties BSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.46	2.46	2.46	2.45	2.45

Seef Properties BSC (BAH:SEEF) 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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Seef Properties BSC (BAH:SEEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Seef Properties BSC (BAH:SEEF) » Definitions » Long-Term Capital Lease Obligation

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Address

Building 2102, Road 2825, Block 428, P.O. Box 20084,, Seef District, Manama, BHR

Website

https://www.seef.com.bh

Seef Properties BSC is an integrated real estate development company in the Kingdom of Bahrain. The company specialised in developing and managing commercial leisure and recreational facilities. It also owns and manages three Seef Malls located in different areas around the Kingdom. Magic Island, is an Indoor theme park located within its Malls. Al Liwan, a mixed-use development project, and Fraser Suites Seef Bahrain serviced apartments located in Seef Mall and managed by Fraser Suites, a global hospitality brand.

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