United Foods Co PSC (DFM:UFC) Long-Term Capital Lease Obligation : د.إ12.9 Mil (As of Mar. 2024)

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What is United Foods Co PSC Long-Term Capital Lease Obligation?

United Foods Co PSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ12.9 Mil.

United Foods Co PSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (د.إ14.2 Mil) to Dec. 2023 (د.إ13.0 Mil) and declined from Dec. 2023 (د.إ13.0 Mil) to Mar. 2024 (د.إ12.9 Mil).

United Foods Co PSC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (د.إ11.2 Mil) to Dec. 2022 (د.إ13.4 Mil) but then declined from Dec. 2022 (د.إ13.4 Mil) to Dec. 2023 (د.إ13.0 Mil).

United Foods Co PSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for United Foods Co 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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United Foods Co PSC Long-Term Capital Lease Obligation Chart

United Foods Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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12.72

11.22

13.43

13.00

United Foods Co PSC 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															12.88	12.68	14.16	13.00	12.88

United Foods Co PSC (DFM:UFC) 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.

United Foods Co PSC Long-Term Capital Lease Obligation Related Terms

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United Foods Co PSC (DFM:UFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » United Foods Co PSC (DFM:UFC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Quoz 1, P.O. Box 5836, Dubai, ARE

Website

https://www.unitedfoods.ae

United Foods Co PSC is engaged in manufacturing, processing, and marketing of vegetable ghee, cooking oil, margarine, butter products, and fat including trading of other food products. Geographically, It operates in the United Arab Emirates, GCC other than UAE and the rest of the world, out of which the majority is from the United Arab Emirates. The Company operates under the following brands- Aseel, Nawar, Safi, Mumtaz, Della Terra and Super Sun. The company's business units are Oil & Fats, Frozen & Chilled and Water & Beverages.

United Foods Co PSC (DFM:UFC) Headlines

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