Majan College (University College)OG (MUS:BACS) Long-Term Capital Lease Obligation : ر.ع0.00 Mil (As of Aug. 2023)

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What is Majan College (University College)OG Long-Term Capital Lease Obligation?

Majan College (University College)OG's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was ر.ع0.00 Mil.

Majan College (University College)OG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Majan College (University College)OG'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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Majan College (University College)OG Long-Term Capital Lease Obligation Chart

Majan College (University College)OG Annual Data

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Long-Term Capital Lease Obligation

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Majan College (University College)OG Semi-Annual Data
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Majan College (University College)OG (MUS:BACS) 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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Majan College (University College)OG (MUS:BACS) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Majan College (University College) SAOG (MUS:BACS) » Definitions » Long-Term Capital Lease Obligation

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Address

Building No 1986, Way No. 2621, P.O Box: 710, Ruwi, Mutrah, Muscat, OMN, 112

Website

https://www.majancollege.edu.om

Majan College (University College) SAOG engages in the fields of management sciences, and scientific research, and provides education to students in the Sultanate of Oman. The company offers programs at both undergraduate and postgraduate levels. Majan College (University College) SAOG provides its undergraduate programs in Business Administration with several pathways like Finance, Accounting, Banking and Finance, Computer and Internet Applications, Networking, Computing with 3 pathways, and English Language. The Master's programs offered include Business Administration, Computer Sciences, and International Human Resources Management.

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