Wafrah for Industry and Development (SAU:2100) Long-Term Capital Lease Obligation : ﷼3.9 Mil (As of Jun. 2024)

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What is Wafrah for Industry and Development Long-Term Capital Lease Obligation?

Wafrah for Industry and Development's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼3.9 Mil.

Wafrah for Industry and Development's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (﷼3.7 Mil) to Mar. 2024 (﷼4.1 Mil) but then declined from Mar. 2024 (﷼4.1 Mil) to Jun. 2024 (﷼3.9 Mil).

Wafrah for Industry and Development's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼2.9 Mil) to Dec. 2022 (﷼3.6 Mil) and increased from Dec. 2022 (﷼3.6 Mil) to Dec. 2023 (﷼3.7 Mil).

Wafrah for Industry and Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Wafrah for Industry and Development'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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Wafrah for Industry and Development Long-Term Capital Lease Obligation Chart

Wafrah for Industry and Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.53

2.42

2.93

3.57

3.67

Wafrah for Industry and Development Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.48	3.24	3.67	4.13	3.93

Wafrah for Industry and Development (SAU:2100) 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.

Wafrah for Industry and Development Long-Term Capital Lease Obligation Related Terms

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Wafrah for Industry and Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wafrah for Industry and Development (SAU:2100) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 131, Riyadh, SAU, 11383

Website

https://www.wafrah.com

Wafrah for Industry and Development is engaged in the manufacture, canning, preservation, processing, development, and marketing of food products for local and foreign markets. Its products include Pasta products, Frozen and cooked meat, Frozen potato chips, Peanut products, and Breakfast cereals, among others. The group had four reportable segments: The pasta sector, Vegetable sector, the Breakfast bans sector, and the Meat products sector. The company's operations are located in the Kingdom of Saudi Arabia.

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