Emaar the Economic City JSC (SAU:4220) Long-Term Capital Lease Obligation : ﷼33 Mil (As of Dec. 2023)

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What is Emaar the Economic City JSC Long-Term Capital Lease Obligation?

Emaar the Economic City JSC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼33 Mil.

Emaar the Economic City JSC's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (﷼32 Mil) to Sep. 2023 (﷼33 Mil) and increased from Sep. 2023 (﷼33 Mil) to Dec. 2023 (﷼33 Mil).

Emaar the Economic City JSC's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼37 Mil) to Dec. 2022 (﷼26 Mil) but then increased from Dec. 2022 (﷼26 Mil) to Dec. 2023 (﷼33 Mil).

Emaar the Economic City JSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Emaar the Economic City JSC'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.

* Premium members only.

Emaar the Economic City JSC Long-Term Capital Lease Obligation Chart

Emaar the Economic City JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

80.63

51.32

36.56

25.82

32.79

Emaar the Economic City JSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															25.82	25.75	32.07	32.58	32.79

Emaar the Economic City JSC (SAU:4220) 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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Emaar the Economic City JSC (SAU:4220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Emaar the Economic City JSC (SAU:4220) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Abdullah Economic City, Rabigh, SAU

Website

https://www.kaec.net

Emaar the Economic City JSC is a real estate development and management company. The main activity of the company is the development of the King Abdullah Economic City (KAEC). It is also engaged in the development of real estate in the economic and other zones and other development activities, including infrastructures, promotion, marketing and sale of land within development areas, development of buildings and housing units, and construction on behalf of other parties.

Emaar the Economic City JSC (SAU:4220) Headlines

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