AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Long-Term Capital Lease Obligation : ﷼3.8 Mil (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting Long-Term Capital Lease Obligation?

AlMuneef Co For Trade Industry Agriculture And Contracting's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.8 Mil.

AlMuneef Co For Trade Industry Agriculture And Contracting's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (﷼4.5 Mil) to Jun. 2023 (﷼3.9 Mil) and declined from Jun. 2023 (﷼3.9 Mil) to Dec. 2023 (﷼3.8 Mil).

AlMuneef Co For Trade Industry Agriculture And Contracting's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (﷼5.3 Mil) to Dec. 2022 (﷼4.5 Mil) and declined from Dec. 2022 (﷼4.5 Mil) to Dec. 2023 (﷼3.8 Mil).

AlMuneef Co For Trade Industry Agriculture And Contracting Long-Term Capital Lease Obligation Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting Long-Term Capital Lease Obligation Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

5.29

4.50

3.79

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	4.50	3.94	3.79

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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.

AlMuneef Co For Trade Industry Agriculture And Contracting Long-Term Capital Lease Obligation Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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