Boursa Kuwait Securities Co KPSC (KUW:BOURSA) Long-Term Capital Lease Obligation : KWD0.28 Mil (As of Jun. 2024)

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What is Boursa Kuwait Securities Co KPSC Long-Term Capital Lease Obligation?

Boursa Kuwait Securities Co KPSC's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was KWD0.28 Mil.

Boursa Kuwait Securities Co KPSC's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (KWD0.49 Mil) to Mar. 2024 (KWD0.46 Mil) and declined from Mar. 2024 (KWD0.46 Mil) to Jun. 2024 (KWD0.28 Mil).

Boursa Kuwait Securities Co KPSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (KWD0.92 Mil) to Dec. 2022 (KWD0.71 Mil) and declined from Dec. 2022 (KWD0.71 Mil) to Dec. 2023 (KWD0.49 Mil).

Boursa Kuwait Securities Co KPSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Boursa Kuwait Securities Co KPSC'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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Boursa Kuwait Securities Co KPSC Long-Term Capital Lease Obligation Chart

Boursa Kuwait Securities Co KPSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.84

0.74

0.92

0.71

0.49

Boursa Kuwait Securities Co KPSC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.53	0.51	0.49	0.46	0.28

Boursa Kuwait Securities Co KPSC (KUW:BOURSA) 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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Boursa Kuwait Securities Co KPSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Boursa Kuwait Securities Co KPSC (KUW:BOURSA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Dasman, P.O.Box 1027, Kuwait City, KWT, 15461

Website

https://www.boursakuwait.com.kw

Boursa Kuwait Securities Co KPSC operates as a financial exchange and clearing house in Kuwait. The company also provides securities-related services to participants in the financial sector. Its segment includes securities exchange and clearing, out of which the majority is from the securities exchange.

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