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Genial Tours Co (CAI:GETO) Long-Term Capital Lease Obligation : E£0.00 Mil (As of . 20)


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What is Genial Tours Co Long-Term Capital Lease Obligation?

Genial Tours Co's Long-Term Capital Lease Obligation for the quarter that ended in . 20 was E£0.00 Mil.


Genial Tours Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Genial Tours 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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Genial Tours Co Long-Term Capital Lease Obligation Chart

Genial Tours Co Annual Data
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Long-Term Capital Lease Obligation

Genial Tours Co Semi-Annual Data
Long-Term Capital Lease Obligation

Genial Tours Co  (CAI:GETO) 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.

Genial Tours Co Long-Term Capital Lease Obligation Related Terms

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Genial Tours Co (CAI:GETO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
30 Qambiz Street, Off Mossadak Street, First Floor Above Ground, Flat 12, Dokki, Giza, EGY, 11391
Genial Tours Co is an Egypt based company engaged in providing services related to tourism. It offers services such as hotel facility, resort and cruise line booking and car rental services, among others. The company offers religious tourism services, tourist transport facility, domestic tourism and foreign tourism services.

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