Ades Holding Co (SAU:2382) Long-Term Capital Lease Obligation : ﷼457 Mil (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Ades Holding Co Long-Term Capital Lease Obligation?

Ades Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼457 Mil.

Ades Holding Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (﷼0 Mil) to Dec. 2023 (﷼487 Mil) but then declined from Dec. 2023 (﷼487 Mil) to Mar. 2024 (﷼457 Mil).

Ades Holding Co's annual Long-Term Capital Lease Obligation stayed the same from . 20 (﷼0 Mil) to . 20 (﷼0 Mil) but then increased from . 20 (﷼0 Mil) to Dec. 2023 (﷼487 Mil).

Ades Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ades Holding 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.

* Premium members only.

Ades Holding Co Long-Term Capital Lease Obligation Chart

Ades Holding Co Annual Data

Trend

Dec23

Long-Term Capital Lease Obligation

487.36

Ades Holding Co Quarterly Data
	Mar23	Dec23	Mar24
Long-Term Capital Lease Obligation	-	487.36	456.76

Ades Holding Co (SAU:2382) 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.

Ades Holding Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Ades Holding Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Ades Holding Co (SAU:2382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ades Holding Co (SAU:2382) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

7429 Prince turki street, Corniche District, Al Khobar, SAU, 2203

Website

https://www.adesgroup.com

Ades Holding Co is a company whose main purpose is oil and gas drilling and production services providing in the MENA region. The Company's main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.

Ades Holding Co (SAU:2382) Headlines

No Headlines