Mayar Holding Co (SAU:9568) Long-Term Capital Lease Obligation : ﷼3.9 Mil (As of Jun. 2024)

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What is Mayar Holding Co Long-Term Capital Lease Obligation?

Mayar Holding Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼3.9 Mil.

Mayar Holding Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (﷼3.8 Mil) to Dec. 2023 (﷼4.8 Mil) but then declined from Dec. 2023 (﷼4.8 Mil) to Jun. 2024 (﷼3.9 Mil).

Mayar Holding Co's annual Long-Term Capital Lease Obligation increased from . 20 (﷼0.0 Mil) to Dec. 2022 (﷼4.5 Mil) and increased from Dec. 2022 (﷼4.5 Mil) to Dec. 2023 (﷼4.8 Mil).

Mayar Holding Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mayar Holding 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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Mayar Holding Co Long-Term Capital Lease Obligation Chart

Mayar Holding Co Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

4.51

4.80

Mayar Holding Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	-	4.51	3.76	4.80	3.88

Mayar Holding Co (SAU:9568) 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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Mayar Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mayar Holding Co (SAU:9568) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

KSA Riyadh Olaya Street, PO Box 55024, Taya Commercial Center, Riyadh, SAU, 11534

Website

https://www.mayar.com.sa

Mayar Holding Co is a Saudi Arabia-based company. It engaged in managing subsidiaries of holding companies owning real estate and movables necessary for holding companies, providing loans, guarantees, and financing for subsidiaries of holding companies, and owning and leasing industrial property rights to subsidiaries of holding companies. It has three reportable segments Elevators and escalators segment, Feed and agriculture, and Plastic segment. The majority of its revenue comes from Feed and agriculture segment which produces compound feed for Poultry, Cattle, Poultry distribution, and sale.

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