Jahez International Co for Information and Technology (SAU:9526) Long-Term Capital Lease Obligation : ﷼63 Mil (As of Dec. 2023)

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What is Jahez International Co for Information and Technology Long-Term Capital Lease Obligation?

Jahez International Co for Information and Technology's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼63 Mil.

Jahez International Co for Information and Technology's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼97 Mil) to Jun. 2023 (﷼85 Mil) and declined from Jun. 2023 (﷼85 Mil) to Dec. 2023 (﷼63 Mil).

Jahez International Co for Information and Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (﷼21 Mil) to Dec. 2022 (﷼97 Mil) but then declined from Dec. 2022 (﷼97 Mil) to Dec. 2023 (﷼63 Mil).

Jahez International Co for Information and Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jahez International Co for Information and Technology'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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Jahez International Co for Information and Technology Long-Term Capital Lease Obligation Chart

Jahez International Co for Information and Technology Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

21.20

96.83

63.00

Jahez International Co for Information and Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			21.20	27.76	96.83	85.13	63.00

Jahez International Co for Information and Technology (SAU:9526) 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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Jahez International Co for Information and Technology (SAU:9526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jahez International Co for Information and Technology (SAU:9526) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2065, King Abdullah bin Abdulaziz Road, P.O. Box 2065, Al-Waha District 8594, Riyadh, SAU, 12444

Website

https://www.jahezgroup.com

Jahez International Co for Information and Technology operates as an online food delivery platform, connecting users, merchants, and delivery partners across the Kingdom. It engages in providing wireless data services, systems analysis, designing and programming software and providing delivery services via e-platforms.

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