Oman Packaging CoOG (MUS:OPCI) Long-Term Capital Lease Obligation : ر.ع0.59 Mil (As of Dec. 2024)

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What is Oman Packaging CoOG Long-Term Capital Lease Obligation?

Oman Packaging CoOG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ر.ع0.59 Mil.

Oman Packaging CoOG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (ر.ع0.60 Mil) to Sep. 2024 (ر.ع0.59 Mil) but then stayed the same from Sep. 2024 (ر.ع0.59 Mil) to Dec. 2024 (ر.ع0.59 Mil).

Oman Packaging CoOG's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (ر.ع0.27 Mil) to Dec. 2023 (ر.ع0.25 Mil) but then increased from Dec. 2023 (ر.ع0.25 Mil) to Dec. 2024 (ر.ع0.59 Mil).

Oman Packaging CoOG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Oman Packaging CoOG'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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Oman Packaging CoOG Long-Term Capital Lease Obligation Chart

Oman Packaging CoOG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.32

0.29

0.27

0.25

0.59

Oman Packaging CoOG Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.25	0.27	0.60	0.59	0.59

Oman Packaging CoOG (MUS:OPCI) 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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Oman Packaging CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Oman Packaging Co SAOG (MUS:OPCI) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Rusayl Industrial Estate, P.O.Box.99, Sultanate of Oman, Muscat, OMN, 124

Website

https://www.omanipackaging.com

Oman Packaging Co SAOG is engaged in the manufacturing and selling of various types of paper packaging materials. Its product range includes corrugated boxes and a variety of cartons including regular slotted cartons, die-cut wrap-around, telescopic top and bottom, single-face corrugated rolls for cushioning and protection, and wax-lined cartons for frozen products. The company offers its products to the industrial, agricultural, and household sectors.

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