ALDREES Petroleum & Transport Services Co (SAU:4200) Long-Term Capital Lease Obligation : ﷼3,587 Mil (As of Mar. 2024)

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What is ALDREES Petroleum & Transport Services Co Long-Term Capital Lease Obligation?

ALDREES Petroleum & Transport Services Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼3,587 Mil.

ALDREES Petroleum & Transport Services Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼3,316 Mil) to Dec. 2023 (﷼3,464 Mil) and increased from Dec. 2023 (﷼3,464 Mil) to Mar. 2024 (﷼3,587 Mil).

ALDREES Petroleum & Transport Services Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼2,598 Mil) to Dec. 2022 (﷼2,900 Mil) and increased from Dec. 2022 (﷼2,900 Mil) to Dec. 2023 (﷼3,464 Mil).

ALDREES Petroleum & Transport Services Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for ALDREES Petroleum & Transport 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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ALDREES Petroleum & Transport Services Co Long-Term Capital Lease Obligation Chart

ALDREES Petroleum & Transport Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,423.62

2,171.00

2,598.03

2,900.06

3,464.12

ALDREES Petroleum & Transport Services 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															3,161.83	3,263.38	3,316.13	3,464.12	3,587.23

ALDREES Petroleum & Transport Services Co (SAU:4200) 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.

ALDREES Petroleum & Transport Services Co Long-Term Capital Lease Obligation Related Terms

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ALDREES Petroleum & Transport Services Co (SAU:4200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ALDREES Petroleum & Transport Services Co (SAU:4200) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 609, Riyadh, SAU, 11421

Website

https://www.aldrees.com

ALDREES Petroleum & Transport Services Co provides petroleum and transport services. It is engaged in the wholesale and retail of fuel, gasoline, oil, and lubricants in the Kingdom of Saudi Arabia. The company has two reportable segments namely Petroleum Services and Transport Services. The company generates maximum revenue from the Petroleum Services segment. It operates fuel stations and also provides various services such as additives, car wash, tire servicing, alignment, accessories, ATMs, car rental, and prepaid fuel cards.

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