AME Company for Medical Supplies (SAU:9527) Long-Term Capital Lease Obligation : ﷼1.4 Mil (As of Dec. 2023)

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What is AME Company for Medical Supplies Long-Term Capital Lease Obligation?

AME Company for Medical Supplies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.4 Mil.

AME Company for Medical Supplies's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (﷼0.7 Mil) to Jun. 2023 (﷼2.1 Mil) but then declined from Jun. 2023 (﷼2.1 Mil) to Dec. 2023 (﷼1.4 Mil).

AME Company for Medical Supplies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼1.1 Mil) to Dec. 2022 (﷼0.7 Mil) but then increased from Dec. 2022 (﷼0.7 Mil) to Dec. 2023 (﷼1.4 Mil).

AME Company for Medical Supplies Long-Term Capital Lease Obligation Historical Data

The historical data trend for AME Company for Medical Supplies'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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AME Company for Medical Supplies Long-Term Capital Lease Obligation Chart

AME Company for Medical Supplies Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.12

0.71

1.40

AME Company for Medical Supplies Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			1.12	0.77	0.71	2.14	1.40

AME Company for Medical Supplies (SAU:9527) 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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AME Company for Medical Supplies (SAU:9527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » AME Company for Medical Supplies (SAU:9527) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, P.O. Box 11544, Jeddah, SAU, 21463

Website

https://www.ame.med.sa

AME Company for Medical Supplies is engaged in providing medical devices and equipment. It generates maximum revenue from the medical supplies segment. The Company is engaged in wholesale and retail trade which mainly includes perfumes, cosmetics, orthotic devices, medical supplies, decorative soap, incense, veterinary medicine and medical equipment.

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