Arriyadh Development Co (SAU:4150) Long-Term Capital Lease Obligation : ﷼42.6 Mil (As of Mar. 2024)

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What is Arriyadh Development Co Long-Term Capital Lease Obligation?

Arriyadh Development Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼42.6 Mil.

Arriyadh Development Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼41.5 Mil) to Dec. 2023 (﷼42.1 Mil) and increased from Dec. 2023 (﷼42.1 Mil) to Mar. 2024 (﷼42.6 Mil).

Arriyadh Development Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼48.9 Mil) to Dec. 2022 (﷼45.6 Mil) and declined from Dec. 2022 (﷼45.6 Mil) to Dec. 2023 (﷼42.1 Mil).

Arriyadh Development Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arriyadh 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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Arriyadh Development Co Long-Term Capital Lease Obligation Chart

Arriyadh Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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54.97

52.02

48.89

45.58

42.08

Arriyadh Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															46.19	46.81	41.51	42.08	42.64

Arriyadh Development Co (SAU:4150) 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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Arriyadh Development Co (SAU:4150) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arriyadh Development Co (SAU:4150) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

King Fahad Road, Al-Dirah District, P.O. Box 94542, Riyadh, SAU, `11614

Website

https://www.riyadh.dev

Arriyadh Development Co is functional in the Saudi Arabian real estate sector. The Operating Division accounts for the major portion of the company's revenue. It is concerned with the operational projects that are in the Attameer market for vegetables and fruits, Attameer Public Transportation Center and Attameer International Car Auction.. The Lease division covers s the company's leasing projects, which are related to Attameer Wholesale Center, Attameer Center for meat, vegetables and fruits, Riyadh Attameer Market, and the Land Sale division includes the sale of developed areas.

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