Sohar Power CoOG (MUS:SHPS) Long-Term Capital Lease Obligation : ر.ع0.00 Mil (As of Dec. 2021)

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What is Sohar Power CoOG Long-Term Capital Lease Obligation?

Sohar Power CoOG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was ر.ع0.00 Mil.

Sohar Power CoOG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2020 (ر.ع0.08 Mil) to Sep. 2021 (ر.ع0.26 Mil) but then declined from Sep. 2021 (ر.ع0.26 Mil) to Dec. 2021 (ر.ع0.00 Mil).

Sohar Power CoOG's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (ر.ع0.24 Mil) to Dec. 2020 (ر.ع0.08 Mil) and declined from Dec. 2020 (ر.ع0.08 Mil) to Dec. 2021 (ر.ع0.00 Mil).

Sohar Power CoOG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sohar Power 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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Sohar Power CoOG Long-Term Capital Lease Obligation Chart

Sohar Power CoOG Annual Data

Trend

Dec12

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Dec21

Long-Term Capital Lease Obligation

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0.24

0.08

Sohar Power CoOG Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Sep21	Dec21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.32	0.29	0.08	0.26	-

Sohar Power CoOG (MUS:SHPS) 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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Sohar Power CoOG (MUS:SHPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sohar Power Co SAOG (MUS:SHPS) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Jawharat Al Shatti, PO Box 147, Muscat, OMN, 134

Website

http://www.soharpower.com

Sohar Power Co SAOG owns and operates power generation and water desalination plant in the Sultanate of Oman. The company has built and owned the more than 550 plus megawatt electricity generation and a seawater desalination plant in Sohar.

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