Vegetable Oil Industries Co (XPAE:VOIC) Long-Term Capital Lease Obligation : JOD0.02 Mil (As of Dec. 2023)

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What is Vegetable Oil Industries Co Long-Term Capital Lease Obligation?

Vegetable Oil Industries Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was JOD0.02 Mil.

Vegetable Oil Industries Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (JOD0.04 Mil) to Sep. 2023 (JOD0.03 Mil) and declined from Sep. 2023 (JOD0.03 Mil) to Dec. 2023 (JOD0.02 Mil).

Vegetable Oil Industries Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (JOD0.07 Mil) to Dec. 2022 (JOD0.05 Mil) and declined from Dec. 2022 (JOD0.05 Mil) to Dec. 2023 (JOD0.02 Mil).

Vegetable Oil Industries Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vegetable Oil Industries 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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Vegetable Oil Industries Co Long-Term Capital Lease Obligation Chart

Vegetable Oil Industries Co Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec23

Long-Term Capital Lease Obligation

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0.07

0.05

0.02

Vegetable Oil Industries Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.05	0.05	0.04	0.03	0.02

Vegetable Oil Industries Co (XPAE:VOIC) 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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Vegetable Oil Industries Co (XPAE:VOIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vegetable Oil Industries Co Ltd (XPAE:VOIC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Al-Zoyoot Street, Eastern Industrial Zone, P.O. Box 95, Nablus, PSE

Website

https://www.voic.ps

Vegetable Oil Industries Co Ltd is engaged in the production of oil and ghee. The company produces two categories of products from Palm, Coconut, Corn, Soybean and Sunflower Oils namely: Vegetable Ghee and Shortening and Liquid Vegetable Oils. Its products include Al Ghazalein Oil, Al Aseel, Al Mumtaz, Al Kawakeb Ghee, Nabateen Ghee, Gazal Ghee, and Reem Oil.

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