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Al Moammar Information Systems Co (SAU:7200) Long-Term Capital Lease Obligation : ﷼0 Mil (As of Jun. 2024)


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What is Al Moammar Information Systems Co Long-Term Capital Lease Obligation?

Al Moammar Information Systems Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼0 Mil.

Al Moammar Information Systems Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼0 Mil) to Dec. 2022 (﷼0 Mil) and declined from Dec. 2022 (﷼0 Mil) to Dec. 2023 (﷼0 Mil).


Al Moammar Information Systems Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Al Moammar Information Systems 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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Al Moammar Information Systems Co Long-Term Capital Lease Obligation Chart

Al Moammar Information Systems Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 0.92 0.65 0.37 0.09 -

Al Moammar Information Systems Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 - - - -

Al Moammar Information Systems Co  (SAU:7200) 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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Al Moammar Information Systems Co Business Description

Traded in Other Exchanges
N/A
Address
6330 Al Thumamah Road, Unit No. 1, 3296, Al Sahafa District, Riyadh, SAU, 13315
Al Moammar Information Systems Co is an Information Technology(IT) company. It offers operating systems, system analysis, software designing and programming, software maintenance, web design, web hosting, data processing, and other related services. The company's segments include Business services management unit, Solutions unit, Systems unit, IT security unit, Networking unit, Operation and maintenance unit, and Data center unit.

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