Spinneys 1961 Holding (DFM:SPINNEYS) Long-Term Capital Lease Obligation : د.إ843 Mil (As of Sep. 2024)

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What is Spinneys 1961 Holding Long-Term Capital Lease Obligation?

Spinneys 1961 Holding's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was د.إ843 Mil.

Spinneys 1961 Holding's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (د.إ790 Mil) to Jun. 2024 (د.إ785 Mil) but then increased from Jun. 2024 (د.إ785 Mil) to Sep. 2024 (د.إ843 Mil).

Spinneys 1961 Holding's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (د.إ657 Mil) to Dec. 2022 (د.إ630 Mil) but then increased from Dec. 2022 (د.إ630 Mil) to Dec. 2023 (د.إ779 Mil).

Spinneys 1961 Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Spinneys 1961 Holding'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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Spinneys 1961 Holding Long-Term Capital Lease Obligation Chart

Spinneys 1961 Holding Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

656.78

630.19

779.32

Spinneys 1961 Holding Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	779.32	790.40	784.71	843.38

Spinneys 1961 Holding (DFM:SPINNEYS) 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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Spinneys 1961 Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Spinneys 1961 Holding plc (DFM:SPINNEYS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nad Al Sheba First, 1st Floor, Meydan, ARE

Website

https://www.ipo.spinneys.com

Spinneys 1961 Holding plc with its subsidiaries engaged in the operation of supermarkets grocery retailers in the United Arab Emirates, Sultanate of Oman, and Saudi Arabia. It has two geographic reportable segments United Arab Emirates (UAE) and the Sultanate of Oman (Oman), and Others. It generates the majority of its revenue from the United Arab Emirates (UAE).

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