Alandalus Property Co (SAU:4320) Long-Term Capital Lease Obligation : ﷼97.4 Mil (As of Mar. 2024)

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What is Alandalus Property Co Long-Term Capital Lease Obligation?

Alandalus Property Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼97.4 Mil.

Alandalus Property Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (﷼105.3 Mil) to Dec. 2023 (﷼98.2 Mil) and declined from Dec. 2023 (﷼98.2 Mil) to Mar. 2024 (﷼97.4 Mil).

Alandalus Property Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼114.3 Mil) to Dec. 2022 (﷼103.8 Mil) and declined from Dec. 2022 (﷼103.8 Mil) to Dec. 2023 (﷼98.2 Mil).

Alandalus Property Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alandalus Property 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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Alandalus Property Co Long-Term Capital Lease Obligation Chart

Alandalus Property Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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123.72

117.73

114.29

103.84

98.16

Alandalus Property 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															106.75	109.65	105.33	98.16	97.36

Alandalus Property Co (SAU:4320) 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.

Alandalus Property Co Long-Term Capital Lease Obligation Related Terms

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Alandalus Property Co (SAU:4320) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alandalus Property Co (SAU:4320) » Definitions » Long-Term Capital Lease Obligation

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Address

Northern Ring Branch Road, Al-Andalus Property Company Building, P.O. Box 260020, Al Wadi District, Riyadh, SAU, 11342

Website

https://www.alandalus.com.sa

Alandalus Property Co is a real estate development company based in Saudi Arabia. Its activities include construction, ownership, and management of centres, commercial and residential complexes, contracting of residential, commercial buildings, educational, recreational, health institutions, roads, dams, water and sewage projects, electrical and mechanical works. The company operates in three sectors. The Retail sector, which is the key revenue generator, includes leasing rental units of investment properties such as malls; the Hospitality sector includes hospitality service providing entities; and the office sector. Its projects include Al Andalus Mall, Hayat Mall, Dareen Mall, Sahafa Center, Tilal Center, and Yarmouk Center among others under development and Office Sector.

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