Sumou Real Estate Co (SAU:4323) Long-Term Capital Lease Obligation : ﷼17.1 Mil (As of Mar. 2025)

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What is Sumou Real Estate Co Long-Term Capital Lease Obligation?

Sumou Real Estate Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ﷼17.1 Mil.

Sumou Real Estate Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (﷼18.2 Mil) to Dec. 2024 (﷼18.6 Mil) but then declined from Dec. 2024 (﷼18.6 Mil) to Mar. 2025 (﷼17.1 Mil).

Sumou Real Estate Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼19.7 Mil) to Dec. 2023 (﷼18.7 Mil) and declined from Dec. 2023 (﷼18.7 Mil) to Dec. 2024 (﷼18.6 Mil).

Sumou Real Estate Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sumou Real Estate 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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Sumou Real Estate Co Long-Term Capital Lease Obligation Chart

Sumou Real Estate Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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20.18

19.75

18.73

18.59

Sumou Real Estate Co Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												18.03	18.22	18.18	18.59	17.12

Sumou Real Estate Co (SAU:4323) 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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Sumou Real Estate Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sumou Real Estate Co (SAU:4323) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Prince Turki bin Abdulaziz street, Sumou Tower - P.O.Box 250, Al-Yarmouk District, AlKhobar, SAU, 31952

Website

https://www.sumou.com.sa

Sumou Real Estate Co engaged in representing in the general construction of residential buildings, the general construction of non-residential buildings, including (schools, hospitals, hotels, etc.) construction of airports and their facilities, construction of prefabricated buildings, on-site, renovations, of residential and non-residential buildings, purchase and sale of land and real estate and its division, and off plan sale activities.

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