Riyadh Cement Co (SAU:3092) Long-Term Capital Lease Obligation : ﷼1.0 Mil (As of Dec. 2023)

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What is Riyadh Cement Co Long-Term Capital Lease Obligation?

Riyadh Cement Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.0 Mil.

Riyadh Cement Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼1.5 Mil) to Jun. 2023 (﷼1.4 Mil) and declined from Jun. 2023 (﷼1.4 Mil) to Dec. 2023 (﷼1.0 Mil).

Riyadh Cement Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼2.0 Mil) to Dec. 2022 (﷼1.5 Mil) and declined from Dec. 2022 (﷼1.5 Mil) to Dec. 2023 (﷼1.0 Mil).

Riyadh Cement Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Riyadh 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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Riyadh Cement Co Long-Term Capital Lease Obligation Chart

Riyadh Cement Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.94

2.86

1.98

1.55

0.97

Riyadh Cement Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					1.98	3.21	1.55	1.39	0.97

Riyadh Cement Co (SAU:3092) 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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Riyadh Cement Co (SAU:3092) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Riyadh Cement Co (SAU:3092) » Definitions » Long-Term Capital Lease Obligation

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Address

AL Imam Saud Ibn Abdul Aziz Ibn Mohammad Road, PO Box 17775, Riyadh, SAU, 11494

Website

https://riyadhcement.com.sa

Riyadh Cement Co, formerly Saudi White Cement Co is engaged in the manufacturing of cement. The company manufactures cement, white cement, gray cement, clinker, building materials, and portland cement.

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