Sinai Cement (CAI:SCEM) Long-Term Capital Lease Obligation : E£0.0 Mil (As of Jun. 2017)

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What is Sinai Cement Long-Term Capital Lease Obligation?

Sinai Cement's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2017 was E£0.0 Mil.

Sinai Cement Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sinai Cement'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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Sinai Cement Long-Term Capital Lease Obligation Chart

Sinai Cement Annual Data

Trend

Long-Term Capital Lease Obligation

Sinai Cement Semi-Annual Data
	Jun16	Jun17
Long-Term Capital Lease Obligation	-	-

Sinai Cement (CAI:SCEM) 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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Sinai Cement (CAI:SCEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sinai Cement (CAI:SCEM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Ring Road, Sama Administrative Tower, Katameya, Cairo, EGY, 11439

Website

http://www.sinaicement.net

Sinai Cement is engaged in the production of cement and related products along with packaging of bags.

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