ELM Co (SAU:7203) Long-Term Capital Lease Obligation : ﷼529 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is ELM Co Long-Term Capital Lease Obligation?

ELM Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼529 Mil.

ELM Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (﷼136 Mil) to Dec. 2023 (﷼212 Mil) and increased from Dec. 2023 (﷼212 Mil) to Mar. 2024 (﷼529 Mil).

ELM Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼87 Mil) to Dec. 2022 (﷼71 Mil) but then increased from Dec. 2022 (﷼71 Mil) to Dec. 2023 (﷼212 Mil).

ELM Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for ELM 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.

* Premium members only.

ELM Co Long-Term Capital Lease Obligation Chart

ELM Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

119.27

101.53

87.40

71.19

212.09

ELM Co Quarterly Data
	Dec17	Dec18	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															82.81	80.85	135.64	212.09	529.27

ELM Co (SAU:7203) 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.

ELM Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of ELM Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

ELM Co (SAU:7203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ELM Co (SAU:7203) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Thaghr, Al Nakheel Dis Digital City, 6614, Unit No 2, Riyadh, SAU, 12382-4182

Website

https://www.elm.sa

ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis, and Technical solutions. The segments are Digital Business, Business Process Outsourcing, and Professional Services, out of which the majority are from the Digital Business segment.

ELM Co (SAU:7203) Headlines

No Headlines