Takween Advanced Industries (SAU:1201) Long-Term Capital Lease Obligation : ﷼7.7 Mil (As of Mar. 2024)

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What is Takween Advanced Industries Long-Term Capital Lease Obligation?

Takween Advanced Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼7.7 Mil.

Takween Advanced Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (﷼11.5 Mil) to Dec. 2023 (﷼9.6 Mil) and declined from Dec. 2023 (﷼9.6 Mil) to Mar. 2024 (﷼7.7 Mil).

Takween Advanced Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼5.5 Mil) to Dec. 2022 (﷼16.3 Mil) but then declined from Dec. 2022 (﷼16.3 Mil) to Dec. 2023 (﷼9.6 Mil).

Takween Advanced Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Takween Advanced 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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Takween Advanced Industries Long-Term Capital Lease Obligation Chart

Takween Advanced Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.15

6.00

5.47

16.34

9.56

Takween Advanced Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															14.70	12.98	11.48	9.56	7.73

Takween Advanced Industries (SAU:1201) 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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Takween Advanced Industries (SAU:1201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Takween Advanced Industries (SAU:1201) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Saud Road, 16th Floor, Al Othman Office Towers, P.O. Box 2500, Al-Khobar, SAU, 31952

Website

http://www.takweenai.com

Takween Advanced Industries is an industrial investment company. The company is engaged in the manufacturing and sale of plastic products to a variety of industrial sectors, such as the dairy, foods, juices, and soft drinks industries. The group operates in the business segments namely, Disposable polystyrene cups, lids and other plastic-related products, and Non-woven fabrics. The products of the company include packing products of polystyrene sheet rolls, thermoformed polystyrene cups and lids, polyethylene bottles, and others. It sells its non-woven fabrics to the medical and health sectors. The company generates the majority of its revenue from the plastic products sector.

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