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Umm Al-Qura Cement Co (SAU:3005) Long-Term Capital Lease Obligation : ﷼1.0 Mil (As of Jun. 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 Jun. 2024 was ﷼1.0 Mil.

Umm Al-Qura Cement Co's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (﷼0.3 Mil) to Mar. 2024 (﷼0.3 Mil) and increased from Mar. 2024 (﷼0.3 Mil) to Jun. 2024 (﷼1.0 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.

* Premium members only.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.55 1.08 0.51 0.62 0.28

Umm Al-Qura Cement Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.34 0.28 0.32 0.98

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

Traded in Other Exchanges
N/A
Address
King Abdulaziz Road, Intersection with Anas Bin Malik Road, P.O. Box 4286, Al-Sahafa District, Riyadh, SAU, 13321
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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