Arabian Contracting Services Co (SAU:4071) Long-Term Capital Lease Obligation : ﷼1,229 Mil (As of Mar. 2024)

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What is Arabian Contracting Services Co Long-Term Capital Lease Obligation?

Arabian Contracting Services Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼1,229 Mil.

Arabian Contracting Services Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼1,009 Mil) to Dec. 2023 (﷼1,307 Mil) but then declined from Dec. 2023 (﷼1,307 Mil) to Mar. 2024 (﷼1,229 Mil).

Arabian Contracting Services Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼1,587 Mil) to Dec. 2022 (﷼1,020 Mil) but then increased from Dec. 2022 (﷼1,020 Mil) to Dec. 2023 (﷼1,307 Mil).

Arabian Contracting Services Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arabian Contracting Services 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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Arabian Contracting Services Co Long-Term Capital Lease Obligation Chart

Arabian Contracting Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

316.26

1,587.15

1,020.42

1,307.00

Arabian Contracting Services Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									1,118.19	1,025.83	1,009.04	1,307.00	1,228.88

Arabian Contracting Services Co (SAU:4071) 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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Arabian Contracting Services Co (SAU:4071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Arabian Contracting Services Co (SAU:4071) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, Floor 33, P.O.Box 55905, Riyadh, SAU, 11544

Website

https://www.al-arabia.com

Arabian Contracting Services Co in setting up and operating outdoor advertising billboards, including roadside advertising and indoor advertising. In roadside advertising, the company participates in the tenders organized by various secretariat, municipalities, and government agencies in all provinces and cities of Saudi Arabia to lease and invest in the many sites belonging to these agencies and secretariat by installing billboards in them and selling these billboards advertising spaces to their clients.

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