Advanced Technology Co KSCC (KUW:ATC) Long-Term Capital Lease Obligation : KWD2.2 Mil (As of Dec. 2023)

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What is Advanced Technology Co KSCC Long-Term Capital Lease Obligation?

Advanced Technology Co KSCC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD2.2 Mil.

Advanced Technology Co KSCC's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (KWD2.4 Mil) to Sep. 2023 (KWD2.3 Mil) and declined from Sep. 2023 (KWD2.3 Mil) to Dec. 2023 (KWD2.2 Mil).

Advanced Technology Co KSCC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (KWD0.0 Mil) to Dec. 2022 (KWD0.0 Mil) but then increased from Dec. 2022 (KWD0.0 Mil) to Dec. 2023 (KWD2.2 Mil).

Advanced Technology Co KSCC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Advanced Technology 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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Advanced Technology Co KSCC Long-Term Capital Lease Obligation Chart

Advanced Technology Co KSCC Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.33

0.13

0.04

2.18

Advanced Technology Co KSCC 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															-	-	2.40	2.31	2.18

Advanced Technology Co KSCC (KUW:ATC) 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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Advanced Technology Co KSCC (KUW:ATC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Advanced Technology Co KSCC (KUW:ATC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Salem Al Mubarak Street, ATC Tower, P.O.Box: 44558, Street 1 Opposite Layla Tower, Block 4, Salmiya, Hawali, Kuwait, KWT, 32060

Website

https://www.atc.com.kw

Advanced Technology Co KSCC is a medical equipment supplier to the Kuwait healthcare sector. Some of the services provided by the company are - Diagnostic imaging, Laboratory environmental management and Automation, Medical & surgical O.R solutions, Healthcare manpower services, and more. The firm operates in one business segment namely trading, installation, and maintenance of medical and healthcare-related products. It also engages in constructing, managing, and possessing hospitals, medical centers, clinics, and specialized labs. In addition, the firm offers a pharmacy license, and home care services.