Al Omaniya Financial ServicesOG (MUS:AOFS) Long-Term Capital Lease Obligation : ر.ع0.00 Mil (As of Dec. 2022)

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What is Al Omaniya Financial ServicesOG Long-Term Capital Lease Obligation?

Al Omaniya Financial ServicesOG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was ر.ع0.00 Mil.

Al Omaniya Financial ServicesOG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al Omaniya Financial ServicesOG'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 Omaniya Financial ServicesOG Long-Term Capital Lease Obligation Chart

Al Omaniya Financial ServicesOG Annual Data

Trend

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Long-Term Capital Lease Obligation

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Al Omaniya Financial ServicesOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
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Al Omaniya Financial ServicesOG (MUS:AOFS) 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 Omaniya Financial ServicesOG (MUS:AOFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Al Omaniya Financial Services SAOG (MUS:AOFS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Jibroo, P.O. Box 1087, Muscat, OMN, 114

Website

https://www.aofsoman.com

Al Omaniya Financial Services SAOG is involved in capital markets that provide Corporate loans, Retail Asset Financing which provides specialized finance products for the self-employed, salaried individuals, transport operators, small and large businesses, and Micro Credit. The company is also involved in hire purchase and lease finance for motor vehicles and other assets, debt factoring, bill discounting, bridge loans, working capital loans, and project and construction loans.

Al Omaniya Financial ServicesOG (MUS:AOFS) Headlines

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