Acico Industries Co KSCC (KUW:ACICO) Long-Term Capital Lease Obligation : KWD0.55 Mil (As of Sep. 2024)

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What is Acico Industries Co KSCC Long-Term Capital Lease Obligation?

Acico Industries Co KSCC's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was KWD0.55 Mil.

Acico Industries Co KSCC's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (KWD0.05 Mil) to Jun. 2024 (KWD0.10 Mil) and increased from Jun. 2024 (KWD0.10 Mil) to Sep. 2024 (KWD0.55 Mil).

Acico Industries Co KSCC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (KWD1.91 Mil) to Dec. 2022 (KWD0.31 Mil) and declined from Dec. 2022 (KWD0.31 Mil) to Dec. 2023 (KWD0.05 Mil).

Acico Industries Co KSCC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Acico Industries Co KSCC'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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Acico Industries Co KSCC Long-Term Capital Lease Obligation Chart

Acico Industries Co KSCC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.11

3.03

1.91

0.31

0.05

Acico Industries Co KSCC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.05	1.04	0.05	0.10	0.55

Acico Industries Co KSCC (KUW:ACICO) 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.

Acico Industries Co KSCC Long-Term Capital Lease Obligation Related Terms

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Acico Industries Co KSCC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Acico Industries Co KSCC (KUW:ACICO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Sharq, Al - Hamra Business Tower, P.O. Box 24079, 34th floor, Safat, Kuwait, KWT, 13101

Website

https://www.acicogroup.com

Acico Industries Co KSCC manufactures and supplies building materials. The company manufactures all types and sizes of aerated concrete and non-concrete and all its construction requirements, import, and export of all building materials. It manufactures blocks, lintels, slabs, and reinforced structural components. In addition, the company also deals in real estate, dealing in shares and bonds. Its segments consist of Real Estate, Contracting, and Industrial.

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