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Alhasoob Co (SAU:9522) Long-Term Capital Lease Obligation : ﷼0.0 Mil (As of Jun. 2023)


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What is Alhasoob Co Long-Term Capital Lease Obligation?

Alhasoob Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼0.0 Mil.

Alhasoob Co Long-Term Capital Lease Obligation Historical Data

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

Alhasoob Co Annual Data
Trend Dec19 Dec20
Long-Term Capital Lease Obligation
- -

Alhasoob Co Quarterly Data
Dec19 Dec20 Jun22 Jun23
Long-Term Capital Lease Obligation - - - -

Alhasoob Co  (SAU:9522) 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.

Alhasoob Co Long-Term Capital Lease Obligation Related Terms

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Alhasoob Co (SAU:9522) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alhasoob Co (SAU:9522) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
SZSE:000709 ICHB XKRX:004020 SHSE:600399 SHSE:600282 BUE:TXAR WBO:VOE SHSE:600808 SIMECB BOM:533758
Traded in Other Exchanges
N/A
Address
Al Nakhelah Building, Second Floor, Olaya Computer Market, Behind Holiday Inn Hotel, Riyadh, SAU
Website
https://www.alhasoob.com
Alhasoob Co is engaged in the wholesale sale of computers and their accessories. Its products include Headphones, Printers, Ink, Laptop, Scanner, Keyboard, Speaker, Mouse and Gaming headset among others.

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