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Omani Euro Food Industries (MUS:OEFI) Long-Term Capital Lease Obligation : ر.ع0.00 Mil (As of Mar. 2018)


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What is Omani Euro Food Industries Long-Term Capital Lease Obligation?

Omani Euro Food Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2018 was ر.ع0.00 Mil.


Omani Euro Food Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Omani Euro Food Industries'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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Omani Euro Food Industries Long-Term Capital Lease Obligation Chart

Omani Euro Food Industries Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Long-Term Capital Lease Obligation
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Omani Euro Food Industries Quarterly Data
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Omani Euro Food Industries  (MUS:OEFI) 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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Omani Euro Food Industries Business Description

Traded in Other Exchanges
N/A
Address
Jawharat Al Shatti, P.O. Box 23, Sultanate of Oman, OMN, 134
Omani Euro Food Industries is a health food manufacturing company in Oman. It is engaged in the manufacturing and marketing of baby foods and related products. The company offers a range of baby food and nutritional food under the brand name of Mother's Choice. It is also involved in the contract manufacturing of baby cereals, biscuits, rusks and health drink powder for other food brands. Its products are exported to many countries in Gulf Cooperation Council, Africa, and Asia.

Omani Euro Food Industries Headlines

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