Saudi Arabian Refineries Co (SAU:2030) Long-Term Capital Lease Obligation : ﷼0.29 Mil (As of Mar. 2025)

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What is Saudi Arabian Refineries Co Long-Term Capital Lease Obligation?

Saudi Arabian Refineries Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ﷼0.29 Mil.

Saudi Arabian Refineries Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (﷼0.12 Mil) to Dec. 2024 (﷼0.32 Mil) but then declined from Dec. 2024 (﷼0.32 Mil) to Mar. 2025 (﷼0.29 Mil).

Saudi Arabian Refineries Co's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (﷼0.00 Mil) to Dec. 2023 (﷼0.00 Mil) but then increased from Dec. 2023 (﷼0.00 Mil) to Dec. 2024 (﷼0.32 Mil).

Saudi Arabian Refineries Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Saudi Arabian Refineries Co'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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Saudi Arabian Refineries Co Long-Term Capital Lease Obligation Chart

Saudi Arabian Refineries Co Annual Data

Trend

Dec15

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Dec24

Long-Term Capital Lease Obligation

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0.32

Saudi Arabian Refineries Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	0.19	0.12	0.32	0.29

Saudi Arabian Refineries Co (SAU:2030) 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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Saudi Arabian Refineries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Saudi Arabian Refineries Co (SAU:2030) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Madinah Road, Adham Commercial Cente, P.O. Box 1113, Jeddah, SAU, 21431

Website

https://www.almasafi.com.sa

Saudi Arabian Refineries Co is engaged in a diversified line of business. The company's activities include the Extraction of crude oil and construction of refineries, petrochemical plants, and refineries; Dealing in securities in an authentic manner; Buying and selling lands and real estate, dividing them and selling activities on the map and Management and leasing of real estate owned or leased.

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