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Gulf Investment Fund (LSE:GIFS) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)


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What is Gulf Investment Fund Long-Term Capital Lease Obligation?

Gulf Investment Fund's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.


Gulf Investment Fund Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gulf Investment Fund'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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Gulf Investment Fund Long-Term Capital Lease Obligation Chart

Gulf Investment Fund Annual Data
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Long-Term Capital Lease Obligation
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Gulf Investment Fund Semi-Annual Data
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Gulf Investment Fund  (LSE:GIFS) 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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Gulf Investment Fund (LSE:GIFS) Business Description

Traded in Other Exchanges
N/A
Address
54-62 Athol Street, Exchange House, Douglas, IMN, IM1 1JD
Gulf Investment Fund PLC is a closed-ended investment company. Its investment objective is to capture, through the medium of the Qatar Exchange, the opportunities for growth offered by the expanding Qatari economy by investing in listed companies or companies soon to be listed. The company's segmental operation comprises the investment in a portfolio of equity securities in the GCC region.

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