Kuwait Co for Process Plant Constructionntracting KPSC (KUW:KCPC) Long-Term Capital Lease Obligation : KWD0.19 Mil (As of Dec. 2023)

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What is Kuwait Co for Process Plant Constructionntracting KPSC Long-Term Capital Lease Obligation?

Kuwait Co for Process Plant Constructionntracting KPSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD0.19 Mil.

Kuwait Co for Process Plant Constructionntracting KPSC's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (KWD0.33 Mil) to Sep. 2023 (KWD0.24 Mil) and declined from Sep. 2023 (KWD0.24 Mil) to Dec. 2023 (KWD0.19 Mil).

Kuwait Co for Process Plant Constructionntracting KPSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (KWD0.27 Mil) to Dec. 2022 (KWD0.25 Mil) and declined from Dec. 2022 (KWD0.25 Mil) to Dec. 2023 (KWD0.19 Mil).

Kuwait Co for Process Plant Constructionntracting KPSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kuwait Co for Process Plant Constructionntracting 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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Kuwait Co for Process Plant Constructionntracting KPSC Long-Term Capital Lease Obligation Chart

Kuwait Co for Process Plant Constructionntracting KPSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.16

0.08

0.27

0.25

0.19

Kuwait Co for Process Plant Constructionntracting KPSC 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															0.25	0.20	0.33	0.24	0.19

Kuwait Co for Process Plant Constructionntracting KPSC (KUW:KCPC) 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.

Kuwait Co for Process Plant Constructionntracting KPSC Long-Term Capital Lease Obligation Related Terms

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Kuwait Co for Process Plant Constructionntracting KPSC (KUW:KCPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kuwait Co for Process Plant Construction & Contracting KPSC (KUW:KCPC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaikh Industrial No. 3, Makhfar Stree 30, P.O. Box: 3404, Near Shahrazad Round About, Safat, Kuwait City, KWT, 13035

Website

https://www.kcpc.com.kw

Kuwait Co for Process Plant Construction & Contracting KPSC is engaged in building, civil construction, and infrastructure development activities. Its services comprise Civil Engineering, Road and Infrastructure, Specialty Projects, Electrical Engineering, Engineering Products, Water Facilities, Building Transport Systems, Scaffolding & Equipment Rentals, and Marble & Natural Stone Products and Services. It operates in three segments: Construction, installation, and maintenance; Hotels; and Investment of surplus funds, of which all of its revenue comes from the Construction segment. The company's geographical segments are Kuwait, United Arab Emirates, Oman, and Lebanon.

Kuwait Co for Process Plant Constructionntracting KPSC (KUW:KCPC) Headlines

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