First Milling Co (SAU:2283) Long-Term Capital Lease Obligation : ﷼310.6 Mil (As of Mar. 2024)

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What is First Milling Co Long-Term Capital Lease Obligation?

First Milling Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼310.6 Mil.

First Milling Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼315.4 Mil) to Dec. 2023 (﷼315.4 Mil) but then declined from Dec. 2023 (﷼315.4 Mil) to Mar. 2024 (﷼310.6 Mil).

First Milling Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼336.2 Mil) to Dec. 2022 (﷼326.7 Mil) and declined from Dec. 2022 (﷼326.7 Mil) to Dec. 2023 (﷼315.4 Mil).

First Milling Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Milling 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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First Milling Co Long-Term Capital Lease Obligation Chart

First Milling Co Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

336.23

326.66

315.39

First Milling Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					308.71	315.86	315.36	315.39	310.64

First Milling Co (SAU:2283) 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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First Milling Co (SAU:2283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » First Milling Co (SAU:2283) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jeddah Islamic Port, between gates 7 and 8, PO Box: 16165, Jeddah, SAU, 22312

Website

https://www.firstmills.com

First Milling Co operates as a producer of flour-based products and byproducts. It is mainly engaged in producing flour, bran, wheat derivatives, and animal feed. The Company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments.

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