Livestock Transport & Trading Co (KUW:CATTL) Long-Term Capital Lease Obligation : KWD0.88 Mil (As of Mar. 2024)

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What is Livestock Transport & Trading Co Long-Term Capital Lease Obligation?

Livestock Transport & Trading Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.88 Mil.

Livestock Transport & Trading Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (KWD0.42 Mil) to Dec. 2023 (KWD1.01 Mil) but then declined from Dec. 2023 (KWD1.01 Mil) to Mar. 2024 (KWD0.88 Mil).

Livestock Transport & Trading Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (KWD0.97 Mil) to Dec. 2022 (KWD0.66 Mil) but then increased from Dec. 2022 (KWD0.66 Mil) to Dec. 2023 (KWD1.01 Mil).

Livestock Transport & Trading Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Livestock Transport & Trading Co'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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Livestock Transport & Trading Co Long-Term Capital Lease Obligation Chart

Livestock Transport & Trading Co Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.55

1.31

0.97

0.66

1.01

Livestock Transport & Trading Co 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															0.53	0.54	0.42	1.01	0.88

Livestock Transport & Trading Co (KUW:CATTL) 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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Livestock Transport & Trading Co (KUW:CATTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Livestock Transport & Trading Co (KUW:CATTL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Sulaibiya Agricultural Area, Block 12, P.O. Box 23727, Kuwait, KWT, 13098

Website

https://www.almawashi.com.kw

Livestock Transport & Trading Co is engaged in livestock import & export business. It operates in three segments: Commercial, which includes purchasing, transporting, ranching, and selling the live and slaughtered sheep and all skins, intestines, and fertilizers, and also purchasing and selling fodder and chilled & frozen meat in wholesale and retail; Food processing segment includes meat processing and its classification in all products and selling it in wholesale; and Investments segment include investment portfolios managed by specialized companies and deposits. It generates the majority of its revenue from the Commercial segment. Its geographical segments are Kuwait, UAE, Australia, and South Africa, of which Kuwait accounts for most of its revenue.

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