Edarat Communication And Information Technology Co (SAU:9557) Long-Term Capital Lease Obligation : ﷼0.7 Mil (As of Dec. 2024)

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What is Edarat Communication And Information Technology Co Long-Term Capital Lease Obligation?

Edarat Communication And Information Technology Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ﷼0.7 Mil.

Edarat Communication And Information Technology Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (﷼1.4 Mil) to Jun. 2024 (﷼1.0 Mil) and declined from Jun. 2024 (﷼1.0 Mil) to Dec. 2024 (﷼0.7 Mil).

Edarat Communication And Information Technology Co's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼1.9 Mil) to Dec. 2023 (﷼1.4 Mil) and declined from Dec. 2023 (﷼1.4 Mil) to Dec. 2024 (﷼0.7 Mil).

Edarat Communication And Information Technology Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Edarat Communication And Information Technology 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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Edarat Communication And Information Technology Co Long-Term Capital Lease Obligation Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

1.90

1.38

0.71

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			1.90	1.64	1.38	1.05	0.71

Edarat Communication And Information Technology Co (SAU:9557) 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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Edarat Communication And Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edarat Communication And Information Technology Co (SAU:9557) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is engaged in the implementation of service contracts including provision of virtual network operator services, colocation services, system analysis, design and programming of software, providing management and monitoring of communications and information networks, establishing web hosting infrastructure and related services, data center services and related activities and subscriptions to provide cloud computing service Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services. The company has two operating segments; Data Center Engineering Services and Cloud Service. It derives maximum revenue from Data Center Engineering Services segment.

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