Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Long-Term Capital Lease Obligation : ﷼3.1 Mil (As of Dec. 2023)

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What is Aqaseem Factory for Chemicals & Plastics Co Long-Term Capital Lease Obligation?

Aqaseem Factory for Chemicals & Plastics Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.1 Mil.

Aqaseem Factory for Chemicals & Plastics Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼1.7 Mil) to Jun. 2023 (﷼0.0 Mil) but then increased from Jun. 2023 (﷼0.0 Mil) to Dec. 2023 (﷼3.1 Mil).

Aqaseem Factory for Chemicals & Plastics Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼2.6 Mil) to Dec. 2022 (﷼1.7 Mil) but then increased from Dec. 2022 (﷼1.7 Mil) to Dec. 2023 (﷼3.1 Mil).

Aqaseem Factory for Chemicals & Plastics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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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Aqaseem Factory for Chemicals & Plastics Co Long-Term Capital Lease Obligation Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

2.61

1.72

3.11

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			2.61	2.16	1.72	-	3.11

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) 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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Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

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