Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) Long-Term Capital Lease Obligation : ﷼9.8 Mil (As of Dec. 2024)

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What is Mohammed Hadi AL Rasheed & Partners Co Long-Term Capital Lease Obligation?

Mohammed Hadi AL Rasheed & Partners Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ﷼9.8 Mil.

Mohammed Hadi AL Rasheed & Partners Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (﷼11.2 Mil) to Jun. 2024 (﷼10.9 Mil) and declined from Jun. 2024 (﷼10.9 Mil) to Dec. 2024 (﷼9.8 Mil).

Mohammed Hadi AL Rasheed & Partners Co's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (﷼7.3 Mil) to Dec. 2023 (﷼11.2 Mil) but then declined from Dec. 2023 (﷼11.2 Mil) to Dec. 2024 (﷼9.8 Mil).

Mohammed Hadi AL Rasheed & Partners Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mohammed Hadi AL Rasheed & Partners 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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Mohammed Hadi AL Rasheed & Partners Co Long-Term Capital Lease Obligation Chart

Mohammed Hadi AL Rasheed & Partners Co Annual Data

Trend

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

7.34

11.16

9.78

Mohammed Hadi AL Rasheed & Partners Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	7.34	-	11.16	10.92	9.78

Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) 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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Mohammed Hadi AL Rasheed & Partners Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mohammed Hadi AL Rasheed & Partners Co (SAU:9601) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Dammam Road, Building No. 2865, Granada District, Riyadh, SAU, 8137-13242

Website

https://www.alrasheedco.com.sa

Mohammed Hadi AL Rasheed & Partners Co is a company whose main activities are operating quarries, rewinding the magnetic core of generators, motors, and electrical transformers, general construction for residential buildings, general construction for non-residential buildings such as schools, hospitals, hotels, etc, also includes the construction of roads, streets, sidewalks, and road supplies, extending pipes of various types for electricity, communications, and others.

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