Palestine Securities Exchange (XPAE:PSE) Long-Term Capital Lease Obligation : $0.28 Mil (As of Mar. 2024)

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What is Palestine Securities Exchange Long-Term Capital Lease Obligation?

Palestine Securities Exchange's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.28 Mil.

Palestine Securities Exchange's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.29 Mil) to Dec. 2023 ($0.28 Mil) but then increased from Dec. 2023 ($0.28 Mil) to Mar. 2024 ($0.28 Mil).

Palestine Securities Exchange's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.30 Mil) to Dec. 2022 ($0.30 Mil) but then declined from Dec. 2022 ($0.30 Mil) to Dec. 2023 ($0.28 Mil).

Palestine Securities Exchange Long-Term Capital Lease Obligation Historical Data

The historical data trend for Palestine Securities Exchange'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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Palestine Securities Exchange Long-Term Capital Lease Obligation Chart

Palestine Securities Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.26

0.33

0.30

0.28

Palestine Securities Exchange Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.30	0.29	0.29	0.28	0.28

Palestine Securities Exchange (XPAE:PSE) 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.

Palestine Securities Exchange Long-Term Capital Lease Obligation Related Terms

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Palestine Securities Exchange (XPAE:PSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Palestine Securities Exchange PLC (XPAE:PSE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rafedya Street, P.O.Box 128 Nablus, Seventh Floor, ASAL building, Nablus, PSE

Website

https://www.pex.ps

Palestine Securities Exchange PLC operates as a regulated stock exchange to facilitate and maximize the flow of long-term investment capital into the Palestinian economy. It provides a fair, transparent, and efficient market for securities trading. The company focuses on attracting a range of regional and global investors including those among the Palestinian Diaspora. The company arises its revenues from security trading and transfer commission, membership of brokerage firms, registration fees for listed companies, and collateral commissions, interest income, dividend income, rental income and other income.

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