Al Masaken International Real Estate Development Co (KUW:MASAKEN) Long-Term Capital Lease Obligation : KWD0.00 Mil (As of Sep. 2024)

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What is Al Masaken International Real Estate Development Co Long-Term Capital Lease Obligation?

Al Masaken International Real Estate Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was KWD0.00 Mil.

Al Masaken International Real Estate Development Co's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (KWD0.58 Mil) to Jun. 2024 (KWD0.00 Mil) but then stayed the same from Jun. 2024 (KWD0.00 Mil) to Sep. 2024 (KWD0.00 Mil).

Al Masaken International Real Estate Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (KWD0.81 Mil) to Dec. 2022 (KWD0.71 Mil) but then increased from Dec. 2022 (KWD0.71 Mil) to Dec. 2023 (KWD0.72 Mil).

Al Masaken International Real Estate Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al Masaken International Real Estate Development 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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Al Masaken International Real Estate Development Co Long-Term Capital Lease Obligation Chart

Al Masaken International Real Estate Development Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.88

0.81

0.71

0.72

Al Masaken International Real Estate Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.70	0.72	0.58	-	-

Al Masaken International Real Estate Development Co (KUW:MASAKEN) 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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Al Masaken International Real Estate Development Co Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al Masaken International Real Estate Development Co (KUW:MASAKEN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Al Hamra Commercial Tower, Office 2, Block 8, Building 14, Floor 34, P.O. Box 24079, Kuwait City, KWT, 13101

Website

http://www.masakenint.com

Al Masaken International Real Estate Development Co invests in owning, developing and selling real estates. Its projects include Masaken Residential Tower Al Mahboula, Kinnerton Street and Regent Gates London.

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