Dubai Refreshments PSC (DFM:DRC) Long-Term Capital Lease Obligation : د.إ80.3 Mil (As of Dec. 2023)

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What is Dubai Refreshments PSC Long-Term Capital Lease Obligation?

Dubai Refreshments PSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ80.3 Mil.

Dubai Refreshments PSC's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (د.إ89.5 Mil) to Sep. 2023 (د.إ87.7 Mil) and declined from Sep. 2023 (د.إ87.7 Mil) to Dec. 2023 (د.إ80.3 Mil).

Dubai Refreshments PSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ91.9 Mil) to Dec. 2022 (د.إ87.2 Mil) and declined from Dec. 2022 (د.إ87.2 Mil) to Dec. 2023 (د.إ80.3 Mil).

Dubai Refreshments PSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Dubai Refreshments PSC'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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Dubai Refreshments PSC Long-Term Capital Lease Obligation Chart

Dubai Refreshments PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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110.42

100.39

91.90

87.19

80.29

Dubai Refreshments PSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															87.19	85.38	89.50	87.72	80.29

Dubai Refreshments PSC (DFM:DRC) 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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Dubai Refreshments PSC (DFM:DRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Dubai Refreshments PSC (DFM:DRC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dubai Investment Park 2, Street 49, P.O Box 420, Dubai, ARE

Website

https://www.pepsidrc.com

Dubai Refreshments PSC is operating in the refreshments industry engaged in the canning, bottling, distribution, and trading of soft drinks and related beverages products. The Company is engaged in bottling and selling Pepsi Cola International products in Dubai, Sharjah, and the other Northern Emirates of UAE. The Company also exports Pepsi Cola International products from time to time to foreign countries after obtaining authorization from Pepsi Cola International. The Company holds 7Up and Aquafina bottling and selling rights for the whole of the UAE.

Dubai Refreshments PSC (DFM:DRC) Headlines

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