United Arab Float Glass Co (SAU:9611) Long-Term Capital Lease Obligation : ﷼26.0 Mil (As of Jun. 2024)

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What is United Arab Float Glass Co Long-Term Capital Lease Obligation?

United Arab Float Glass Co's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼26.0 Mil.

United Arab Float Glass Co's quarterly Long-Term Capital Lease Obligation stayed the same from . 20 (﷼0.0 Mil) to Jun. 2023 (﷼0.0 Mil) but then increased from Jun. 2023 (﷼0.0 Mil) to Jun. 2024 (﷼26.0 Mil).

United Arab Float Glass Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for United Arab Float Glass 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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United Arab Float Glass Co Long-Term Capital Lease Obligation Chart

United Arab Float Glass Co Annual Data

Trend

Long-Term Capital Lease Obligation

United Arab Float Glass Co Semi-Annual Data
	Jun23	Jun24
Long-Term Capital Lease Obligation	-	25.96

United Arab Float Glass Co (SAU:9611) 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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United Arab Float Glass Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United Arab Float Glass Co (SAU:9611) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Al Thumama Road, 13316 P.O. Box, All Rabie District, Riyadh, SAU, 26994

Website

https://www.aufgc.com

United Arab Float Glass Co is engaged in the float glass market that designs, thicknesses, and dimensions glasses. Its products are Clear float glass, Pattern glass, Silver, and Decorative mirrors. The company's activity is represented in the wholesale and retail trade of the company's products and building materials, including importing and exporting them abroad, owning lands and real estate, constructing buildings on them, practicing manufacturing industries related to the glass industry, and manufacturing and mining all glass industry requirements from raw materials and others.

United Arab Float Glass Co Headlines

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