Group Five Pipeudi Co (SAU:9523) Long-Term Capital Lease Obligation : ﷼8.6 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Group Five Pipeudi Co Long-Term Capital Lease Obligation?

Group Five Pipeudi Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼8.6 Mil.

Group Five Pipeudi Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼9.1 Mil) to Jun. 2023 (﷼8.4 Mil) but then increased from Jun. 2023 (﷼8.4 Mil) to Dec. 2023 (﷼8.6 Mil).

Group Five Pipeudi Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼9.9 Mil) to Dec. 2022 (﷼9.1 Mil) and declined from Dec. 2022 (﷼9.1 Mil) to Dec. 2023 (﷼8.6 Mil).

Group Five Pipeudi Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Group Five Pipeudi 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.

Group Five Pipeudi Co Long-Term Capital Lease Obligation Chart

Group Five Pipeudi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

10.62

9.85

9.13

8.64

Group Five Pipeudi Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			9.85	8.81	9.13	8.45	8.64

Group Five Pipeudi Co (SAU:9523) 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.

Group Five Pipeudi Co Long-Term Capital Lease Obligation Related Terms

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

Group Five Pipeudi Co (SAU:9523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Group Five Pipe Saudi Co (SAU:9523) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Industrial City, Dammam, SAU, 31492

Website

https://www.g5ps.com

Group Five Pipe Saudi Co is a spiral pipe provider in the Middle East and it is based in the Kingdom of Saudi Arabia.

Group Five Pipeudi Co (SAU:9523) Headlines

No Headlines