Arabian Centres Co (SAU:4321) Long-Term Capital Lease Obligation : ﷼2,384 Mil (As of Dec. 2022)

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What is Arabian Centres Co Long-Term Capital Lease Obligation?

Arabian Centres Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼2,384 Mil.

Arabian Centres Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (﷼3,387 Mil) to Sep. 2022 (﷼2,455 Mil) and declined from Sep. 2022 (﷼2,455 Mil) to Dec. 2022 (﷼2,384 Mil).

Arabian Centres Co's annual Long-Term Capital Lease Obligation increased from Mar. 2019 (﷼515 Mil) to Mar. 2020 (﷼3,899 Mil) but then declined from Mar. 2020 (﷼3,899 Mil) to Mar. 2021 (﷼3,523 Mil).

Arabian Centres Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arabian Centres 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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Arabian Centres Co Long-Term Capital Lease Obligation Chart

Arabian Centres Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Long-Term Capital Lease Obligation

560.36

515.37

3,899.16

3,523.41

Arabian Centres Co Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3,437.18	3,397.75	3,386.59	2,455.15	2,383.69

Arabian Centres Co (SAU:4321) 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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Arabian Centres Co (SAU:4321) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arabian Centres Co (SAU:4321) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

8838, Prince Turki Ibn Abdulaziz Al Awwal Road, King Saud University District, Riyadh, SAU, 12373-4925

Website

https://www.arabiancentres.com

Arabian Centres Co is a Saudi Arabia-based company. The company owns, operates, and develops lifestyle centers. Its principal activities include the purchase of land for the construction of buildings, development, and investment by selling or renting and contracting works for residential and commercial buildings, including demolition, restoration, drilling, and maintenance work. The company also provides maintenance and operation of commercial centers, tourist resorts, hotels, and restaurants, as well as managing and operating temporary and permanent exhibitions, compounds, and hospitals. It derives the vast majority of its revenue from rental income.

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