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EFFI Capital Nadlan (XTAE:EFCP) Long-Term Capital Lease Obligation : ₪1.9 Mil (As of Mar. 2024)


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What is EFFI Capital Nadlan Long-Term Capital Lease Obligation?

EFFI Capital Nadlan's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪1.9 Mil.

EFFI Capital Nadlan's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (₪0.0 Mil) to Sep. 2023 (₪0.0 Mil) but then increased from Sep. 2023 (₪0.0 Mil) to Mar. 2024 (₪1.9 Mil).


EFFI Capital Nadlan Long-Term Capital Lease Obligation Historical Data

The historical data trend for EFFI Capital Nadlan'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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EFFI Capital Nadlan Long-Term Capital Lease Obligation Chart

EFFI Capital Nadlan Annual Data
Trend Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
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EFFI Capital Nadlan Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.88

EFFI Capital Nadlan  (XTAE:EFCP) 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.

EFFI Capital Nadlan Long-Term Capital Lease Obligation Related Terms

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EFFI Capital Nadlan (XTAE:EFCP) Business Description

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EFFI Capital Nadlan Ltd is a company that operates in the initiation and planning of residential construction projects, it also deals with locating real estate, improvement processes and initiation of Bundline projects on its own or through special purpose corporations (SPCs), which are usually private companies Owned by the company and or owned by the group and various partners.

EFFI Capital Nadlan (XTAE:EFCP) Headlines

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