Makkah Construction & Development Co (SAU:4100) Long-Term Capital Lease Obligation : ﷼0.0 Mil (As of Dec. 2023)

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What is Makkah Construction & Development Co Long-Term Capital Lease Obligation?

Makkah Construction & Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.0 Mil.

Makkah Construction & Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Makkah Construction & Development 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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Makkah Construction & Development Co Long-Term Capital Lease Obligation Chart

Makkah Construction & Development Co Annual Data

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Long-Term Capital Lease Obligation

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Makkah Construction & Development Co Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Makkah Construction & Development Co (SAU:4100) 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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Makkah Construction & Development Co (SAU:4100) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Makkah Construction & Development Co (SAU:4100) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Al-Azizia General Street, P.O. Box 7134, Fakih Commercial Center, Seventh Floor, Makkah Al-Mukarramah, Mecca, SAU, 21955

Website

https://www.mcdc.com.sa

Makkah Construction & Development Co is engaged in developing construction projects such as developing facilities near the Holy Mosque of Makkah. The companies objectives are Build up the areas around Makkah Holy mosque, Owning, developing, operating and investing the real estate around Makkah Holy mosque and Caring all engineering works, survey, demolishing & constructions works for the company projects.

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