Umm Al-Qura Cement Co (SAU:3005) Long-Term Capital Lease Obligation : ﷼0.9 Mil (As of Sep. 2024)

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What is Umm Al-Qura Cement Co Long-Term Capital Lease Obligation?

Umm Al-Qura Cement Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼0.9 Mil.

Umm Al-Qura Cement Co's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (﷼0.3 Mil) to Jun. 2024 (﷼1.0 Mil) but then declined from Jun. 2024 (﷼1.0 Mil) to Sep. 2024 (﷼0.9 Mil).

Umm Al-Qura Cement Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼0.5 Mil) to Dec. 2022 (﷼0.6 Mil) but then declined from Dec. 2022 (﷼0.6 Mil) to Dec. 2023 (﷼0.3 Mil).

Umm Al-Qura Cement Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Umm Al-Qura Cement 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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Umm Al-Qura Cement Co Long-Term Capital Lease Obligation Chart

Umm Al-Qura Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.55

1.08

0.51

0.62

0.28

Umm Al-Qura Cement Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.34	0.28	0.32	0.98	0.90

Umm Al-Qura Cement Co (SAU:3005) 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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Umm Al-Qura Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Umm Al-Qura Cement Co (SAU:3005) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

King Abdulaziz Road, Intersection with Anas Bin Malik Road, P.O. Box 4286, Al-Sahafa District, Riyadh, SAU, 13321

Website

https://www.uacc.com.sa

Umm Al-Qura Cement Co is engaged in producing all kinds of Portland Cement in Saudi Arabia. The company is also engaged in manufacturing salt-resistant cement, white cement, and agglomerated cement (clinker). The products of the company include Cement OPC, Sulphate Resistant Cement, Portland Pozzolana cement, and others.

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